Invesco BuyBack Achievers ETF (NASDAQ:PKW) Reaches New 12-Month High – Should You Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKWGet Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $144.84 and last traded at $144.84, with a volume of 2023 shares trading hands. The stock had previously closed at $143.54.

Invesco BuyBack Achievers ETF Trading Up 0.9%

The company has a fifty day simple moving average of $138.86 and a 200-day simple moving average of $137.00. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 15.13 and a beta of 0.92.

Invesco BuyBack Achievers ETF Announces Dividend

The firm 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 Trading of Invesco BuyBack Achievers ETF

Hedge funds have recently made changes to their positions in the stock. Garton & Associates Financial Advisors LLC purchased a new position in Invesco BuyBack Achievers ETF during the fourth quarter valued at approximately $28,000. Chesapeake Asset Management LLC purchased a new stake in Invesco BuyBack Achievers ETF in the 4th quarter worth approximately $34,000. Axiom Investment Management LLC purchased a new stake in Invesco BuyBack Achievers ETF in the 1st quarter worth approximately $52,000. Main Street Group LTD acquired a new stake in shares of Invesco BuyBack Achievers ETF during the 1st quarter valued at $79,000. Finally, Cardiff Park Advisors LLC purchased a new position in shares of Invesco BuyBack Achievers ETF during the 1st quarter valued at $79,000.

About Invesco BuyBack Achievers ETF

(Get Free Report)

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.

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