Sovran Advisors LLC Raises Position in Invesco BuyBack Achievers ETF $PKW

Sovran Advisors LLC lifted its position in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 39.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,018 shares of the exchange traded fund’s stock after acquiring an additional 17,972 shares during the quarter. Sovran Advisors LLC’s holdings in Invesco BuyBack Achievers ETF were worth $8,247,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Costello Asset Management INC raised its holdings in shares of Invesco BuyBack Achievers ETF by 77.0% during the 2nd quarter. Costello Asset Management INC now owns 216 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 94 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Invesco BuyBack Achievers ETF by 72.4% during the 2nd quarter. Assetmark Inc. now owns 488 shares of the exchange traded fund’s stock valued at $60,000 after buying an additional 205 shares during the period. CX Institutional purchased a new stake in Invesco BuyBack Achievers ETF during the third quarter valued at $71,000. Ameritas Advisory Services LLC bought a new stake in Invesco BuyBack Achievers ETF during the second quarter valued at approximately $115,000. Finally, Nova Wealth Management Inc. grew its position in shares of Invesco BuyBack Achievers ETF by 2,519.4% during the 3rd quarter. Nova Wealth Management Inc. now owns 943 shares of the exchange traded fund’s stock valued at $125,000 after acquiring an additional 907 shares during the period.

Invesco BuyBack Achievers ETF Price Performance

Shares of NASDAQ PKW opened at $136.12 on Monday. Invesco BuyBack Achievers ETF has a 1-year low of $96.10 and a 1-year high of $138.50. The business’s 50 day moving average is $134.37 and its two-hundred day moving average is $131.31. The stock has a market capitalization of $1.59 billion, a P/E ratio of 15.13 and a beta of 1.05.

Invesco BuyBack Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.2739 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.10 dividend on an annualized basis and a yield of 0.8%.

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.