Stegent Equity Advisors Inc. Buys New Position in Invesco BuyBack Achievers ETF $PKW

Stegent Equity Advisors Inc. purchased a new position in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,045 shares of the exchange traded fund’s stock, valued at approximately $1,886,000. Invesco BuyBack Achievers ETF makes up approximately 1.5% of Stegent Equity Advisors Inc.’s holdings, making the stock its 20th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of PKW. Bank of America Corp DE lifted its stake in Invesco BuyBack Achievers ETF by 5.6% during the 3rd quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock valued at $109,269,000 after acquiring an additional 43,912 shares in the last quarter. UBS Group AG grew its stake in shares of Invesco BuyBack Achievers ETF by 11.4% in the 3rd quarter. UBS Group AG now owns 137,398 shares of the exchange traded fund’s stock worth $18,202,000 after acquiring an additional 14,043 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in shares of Invesco BuyBack Achievers ETF by 11.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 68,595 shares of the exchange traded fund’s stock worth $9,087,000 after acquiring an additional 7,235 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco BuyBack Achievers ETF by 130.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 65,199 shares of the exchange traded fund’s stock valued at $8,059,000 after purchasing an additional 36,890 shares during the last quarter. Finally, Sovran Advisors LLC raised its holdings in shares of Invesco BuyBack Achievers ETF by 39.0% in the third quarter. Sovran Advisors LLC now owns 64,018 shares of the exchange traded fund’s stock valued at $8,247,000 after purchasing an additional 17,972 shares during the last quarter.

Invesco BuyBack Achievers ETF Price Performance

PKW opened at $128.86 on Monday. Invesco BuyBack Achievers ETF has a fifty-two week low of $96.10 and a fifty-two week high of $140.10. The firm has a market capitalization of $2.00 billion, a P/E ratio of 15.13 and a beta of 1.05. The company’s 50-day moving average is $135.62 and its 200 day moving average is $133.73.

Invesco BuyBack Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.2167 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.87 annualized dividend and a yield of 0.7%.

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.