Kendall Capital Management Acquires 4,435 Shares of Invesco BuyBack Achievers ETF $PKW

Kendall Capital Management grew its holdings in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 121.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,082 shares of the exchange traded fund’s stock after purchasing an additional 4,435 shares during the quarter. Kendall Capital Management owned approximately 0.07% of Invesco BuyBack Achievers ETF worth $1,086,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Osaic Holdings Inc. grew its position in Invesco BuyBack Achievers ETF by 23.9% during the second quarter. Osaic Holdings Inc. now owns 45,702 shares of the exchange traded fund’s stock valued at $5,651,000 after buying an additional 8,830 shares during the period. TBH Global Asset Management LLC bought a new stake in Invesco BuyBack Achievers ETF in the third quarter worth about $881,000. Hudock Inc. bought a new stake in Invesco BuyBack Achievers ETF in the third quarter worth about $2,697,000. Fortitude Financial LLC purchased a new position in Invesco BuyBack Achievers ETF in the second quarter valued at about $3,694,000. Finally, Elevation Capital Advisory LLC boosted its stake in Invesco BuyBack Achievers ETF by 337.5% in the third quarter. Elevation Capital Advisory LLC now owns 61,388 shares of the exchange traded fund’s stock valued at $8,133,000 after acquiring an additional 47,355 shares during the last quarter.

Invesco BuyBack Achievers ETF Stock Up 0.2%

Shares of PKW stock opened at $132.28 on Friday. The company has a 50 day moving average of $135.18 and a 200-day moving average of $133.67. Invesco BuyBack Achievers ETF has a 12-month low of $96.10 and a 12-month high of $140.10. The firm has a market cap of $2.05 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, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.2167 per share. This represents a $0.87 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, March 23rd.

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.