Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sets New 12-Month High – What’s Next?

Invesco BuyBack Achievers ETF (NASDAQ:PKW) reached a new 52-week high on Wednesday . The company traded as high as $152.24 and last traded at $152.07, with a volume of 4469 shares traded. The stock had previously closed at $150.79.

Invesco BuyBack Achievers ETF Trading Up 0.4%

The company has a market capitalization of $1.78 billion, a PE ratio of 15.13 and a beta of 0.92. The company has a fifty day simple moving average of $144.25 and a 200-day simple moving average of $138.88.

Invesco BuyBack Achievers ETF Announces Dividend

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

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of Invesco BuyBack Achievers ETF by 5.6% during the 3rd quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock worth $109,269,000 after buying an additional 43,912 shares during the last quarter. LPL Financial LLC increased its stake in Invesco BuyBack Achievers ETF by 9.5% during the fourth quarter. LPL Financial LLC now owns 463,308 shares of the exchange traded fund’s stock worth $62,232,000 after acquiring an additional 40,121 shares during the last quarter. Wells Fargo & Company MN raised its position in Invesco BuyBack Achievers ETF by 11.2% in the fourth quarter. Wells Fargo & Company MN now owns 372,416 shares of the exchange traded fund’s stock valued at $50,023,000 after purchasing an additional 37,513 shares during the period. UBS Group AG lifted its stake in shares of Invesco BuyBack Achievers ETF by 11.4% in the 3rd quarter. UBS Group AG now owns 137,398 shares of the exchange traded fund’s stock valued at $18,202,000 after purchasing an additional 14,043 shares during the last quarter. Finally, Mariner LLC grew its holdings in shares of Invesco BuyBack Achievers ETF by 1.4% during the 4th quarter. Mariner LLC now owns 81,595 shares of the exchange traded fund’s stock worth $10,960,000 after purchasing an additional 1,134 shares during the period.

Invesco BuyBack Achievers ETF Company Profile

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.