Koshinski Asset Management Inc. Has $10.44 Million Position in Invesco BuyBack Achievers ETF $PKW

Koshinski Asset Management Inc. grew its position in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 13.3% in the first quarter, HoldingsChannel reports. The fund owned 79,528 shares of the exchange traded fund’s stock after acquiring an additional 9,344 shares during the period. Invesco BuyBack Achievers ETF makes up 0.7% of Koshinski Asset Management Inc.’s portfolio, making the stock its 27th largest position. Koshinski Asset Management Inc.’s holdings in Invesco BuyBack Achievers ETF were worth $10,438,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Garton & Associates Financial Advisors LLC bought a new position in Invesco BuyBack Achievers ETF in the fourth quarter valued at approximately $28,000. Chesapeake Asset Management LLC bought a new stake in Invesco BuyBack Achievers ETF during the fourth quarter worth $34,000. Cardiff Park Advisors LLC acquired a new stake in Invesco BuyBack Achievers ETF in the third quarter valued at $79,000. International Assets Investment Management LLC acquired a new stake in Invesco BuyBack Achievers ETF in the fourth quarter valued at $87,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Invesco BuyBack Achievers ETF in the fourth quarter valued at $107,000.

Invesco BuyBack Achievers ETF Price Performance

Shares of PKW opened at $143.04 on Friday. The company has a market cap of $1.68 billion, a PE ratio of 15.13 and a beta of 0.92. The firm has a 50-day moving average of $138.03 and a 200-day moving average of $136.57. Invesco BuyBack Achievers ETF has a one year low of $122.86 and a one year high of $143.76.

Invesco BuyBack Achievers ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors 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 yield of 0.7%.

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.