Invesco BuyBack Achievers ETF (NASDAQ:PKW) Reaches New 12-Month High – Should You Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKW)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $148.53 and last traded at $148.53, with a volume of 6541 shares traded. The stock had previously closed at $146.98.

Invesco BuyBack Achievers ETF Stock Performance

The company’s 50-day moving average is $141.22 and its 200 day moving average is $137.75. The company has a market capitalization of $1.74 billion, a PE ratio of 15.13 and a beta of 0.92.

Invesco BuyBack Achievers ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.2575 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.03 dividend on an annualized basis and a dividend yield of 0.7%.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Several institutional investors and hedge funds have recently made changes to their positions in PKW. Belpointe Asset Management LLC lifted its position in Invesco BuyBack Achievers ETF by 1.2% in the 4th quarter. Belpointe Asset Management LLC now owns 9,268 shares of the exchange traded fund’s stock valued at $1,245,000 after acquiring an additional 109 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Invesco BuyBack Achievers ETF by 1.9% in the 1st quarter. Quantinno Capital Management LP now owns 6,698 shares of the exchange traded fund’s stock worth $879,000 after purchasing an additional 123 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Invesco BuyBack Achievers ETF by 1.3% in the 4th quarter. Bank of Montreal Can now owns 11,581 shares of the exchange traded fund’s stock worth $1,556,000 after purchasing an additional 145 shares in the last quarter. Pacific Sun Financial Corp raised its stake in shares of Invesco BuyBack Achievers ETF by 1.0% in the fourth quarter. Pacific Sun Financial Corp now owns 15,421 shares of the exchange traded fund’s stock worth $2,071,000 after purchasing an additional 155 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its stake in shares of Invesco BuyBack Achievers ETF by 4.7% in the fourth quarter. Capital Advisors Ltd. LLC now owns 4,206 shares of the exchange traded fund’s stock worth $565,000 after purchasing an additional 189 shares during the last quarter.

About Invesco BuyBack Achievers ETF

PowerShares Buyback Achievers Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Share BuyBack Achievers Index (the Index). The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers. To become eligible for inclusion in the Index, a company must be incorporated in the United States, trade on a United States exchange and must have repurchased at least 5% or more of its outstanding shares for the trailing 12 months.