Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Sees Strong Trading Volume – Here’s Why

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) shares saw unusually-high trading volume on Monday. Approximately 290,125 shares were traded during mid-day trading, an increase of 427% from the previous session’s volume of 55,058 shares. The stock last traded at $59.67 and had previously closed at $60.07.

Invesco International BuyBack Achievers ETF Price Performance

The firm’s fifty day simple moving average is $60.41 and its 200 day simple moving average is $59.08. The company has a market capitalization of $552 million, a price-to-earnings ratio of 10.59 and a beta of 0.64.

Invesco International BuyBack Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a $0.2494 dividend. This is a drop from Invesco International BuyBack Achievers ETF’s previous quarterly dividend of $0.4503. The ex-dividend date was Monday, September 21st. This represents a $1.00 annualized dividend and a dividend yield of 1.7%.

Hedge Funds Weigh In On Invesco International BuyBack Achievers ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Insight Wealth Strategies LLC raised its position in Invesco International BuyBack Achievers ETF by 3.4% during the second quarter. Insight Wealth Strategies LLC now owns 6,452 shares of the company’s stock valued at $364,000 after buying an additional 215 shares during the period. Total Clarity Wealth Management Inc. lifted its stake in Invesco International BuyBack Achievers ETF by 4.4% in the 1st quarter. Total Clarity Wealth Management Inc. now owns 8,008 shares of the company’s stock worth $451,000 after acquiring an additional 339 shares in the last quarter. Fifth Third Bancorp acquired a new stake in Invesco International BuyBack Achievers ETF during the 1st quarter worth about $35,000. Daner Wealth Management LLC boosted its position in Invesco International BuyBack Achievers ETF by 8.5% during the 1st quarter. Daner Wealth Management LLC now owns 12,787 shares of the company’s stock worth $749,000 after acquiring an additional 1,005 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Invesco International BuyBack Achievers ETF by 5.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 26,965 shares of the company’s stock worth $1,519,000 after acquiring an additional 1,476 shares during the period.

Invesco International BuyBack Achievers ETF Company Profile

The Invesco International BuyBack Achievers ETF (IPKW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a modified market-cap-weighted index of global ex-US companies that have reduced their outstanding shares by at least 5% in the past year. IPKW was launched on Mar 6, 2014 and is managed by Invesco.