Invesco BuyBack Achievers ETF (NASDAQ:PKW) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Invesco BuyBack Achievers ETF (NASDAQ:PKW) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $146.78 and traded as high as $152.88. Invesco BuyBack Achievers ETF shares last traded at $151.58, with a volume of 14,374 shares.

Invesco BuyBack Achievers ETF Stock Performance

The business has a 50-day simple moving average of $147.02 and a two-hundred day simple moving average of $139.97. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 15.13 and a beta of 0.92.

Invesco BuyBack Achievers ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given 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%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC increased its position in Invesco BuyBack Achievers ETF by 9.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,148 shares of the exchange traded fund’s stock worth $467,000 after purchasing an additional 342 shares during the period. Jane Street Group LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF in the first quarter valued at about $417,000. JPMorgan Chase & Co. boosted its holdings in Invesco BuyBack Achievers ETF by 1.2% during the second quarter. JPMorgan Chase & Co. now owns 32,289 shares of the exchange traded fund’s stock worth $3,991,000 after buying an additional 391 shares in the last quarter. NewEdge Advisors LLC grew its position in Invesco BuyBack Achievers ETF by 16.4% during the second quarter. NewEdge Advisors LLC now owns 28,115 shares of the exchange traded fund’s stock worth $3,475,000 after buying an additional 3,951 shares during the period. Finally, Bank of America Corp DE increased its holdings in Invesco BuyBack Achievers ETF by 2.1% in the second quarter. Bank of America Corp DE now owns 780,882 shares of the exchange traded fund’s stock valued at $96,517,000 after buying an additional 16,109 shares in 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.