United Community Bank Invests $70,000 in Invesco BuyBack Achievers ETF $PKW

United Community Bank acquired a new position in Invesco BuyBack Achievers ETF (NASDAQ:PKW) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 496,225 shares of the exchange traded fund’s stock, valued at approximately $70,000.

A number of other hedge funds also recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC bought a new position in Invesco BuyBack Achievers ETF in the fourth quarter valued at about $28,000. Axiom Investment Management LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF during the 1st quarter valued at about $52,000. Cardiff Park Advisors LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF during the 1st quarter valued at about $79,000. Main Street Group LTD bought a new position in shares of Invesco BuyBack Achievers ETF in the 1st quarter worth approximately $79,000. Finally, International Assets Investment Management LLC bought a new position in shares of Invesco BuyBack Achievers ETF in the 4th quarter worth approximately $87,000.

Invesco BuyBack Achievers ETF Trading Down 0.7%

PKW opened at $153.53 on Friday. The firm’s 50 day simple moving average is $147.54 and its two-hundred day simple moving average is $140.18. The company has a market capitalization of $1.81 billion, a PE ratio of 15.13 and a beta of 0.92. Invesco BuyBack Achievers ETF has a 1-year low of $125.47 and a 1-year high of $154.72.

Invesco BuyBack Achievers ETF Dividend Announcement

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

Invesco BuyBack Achievers ETF 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.