Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Large Volume Increase – Should You Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw unusually-high trading volume on Tuesday . 97,123 shares were traded during mid-day trading, an increase of 243% from the previous session’s volume of 28,292 shares.The stock last traded at $147.90 and had previously closed at $146.26.

Invesco BuyBack Achievers ETF Price Performance

The company has a market cap of $1.73 billion, a P/E ratio of 15.13 and a beta of 0.92. The company has a 50 day moving average of $140.27 and a 200-day moving average of $137.47.

Invesco BuyBack Achievers ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Belpointe Asset Management LLC increased its position in shares of Invesco BuyBack Achievers ETF by 1.2% in the fourth quarter. Belpointe Asset Management LLC now owns 9,268 shares of the exchange traded fund’s stock worth $1,245,000 after purchasing an additional 109 shares during the last quarter. Quantinno Capital Management LP grew its stake in 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 buying 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 buying an additional 145 shares during the last quarter. Pacific Sun Financial Corp increased its holdings in shares of Invesco BuyBack Achievers ETF by 1.0% in the 4th quarter. Pacific Sun Financial Corp now owns 15,421 shares of the exchange traded fund’s stock worth $2,071,000 after buying an additional 155 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in shares of Invesco BuyBack Achievers ETF by 4.7% during the 4th quarter. Capital Advisors Ltd. LLC now owns 4,206 shares of the exchange traded fund’s stock valued at $565,000 after buying an additional 189 shares in the last quarter.

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.