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

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) shares saw strong trading volume on Tuesday . 171,020 shares were traded during trading, an increase of 133% from the previous session’s volume of 73,248 shares.The stock last traded at $58.45 and had previously closed at $57.85.

Invesco International BuyBack Achievers ETF Stock Performance

The firm’s 50-day moving average price is $57.20 and its two-hundred day moving average price is $55.98. The stock has a market cap of $529.79 million, a price-to-earnings ratio of 10.59 and a beta of 0.64.

Invesco International BuyBack Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.5665 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.27 dividend on an annualized basis and a yield of 3.9%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Fortis Group Advisors LLC lifted its position in Invesco International BuyBack Achievers ETF by 0.9% in the fourth quarter. Fortis Group Advisors LLC now owns 19,606 shares of the company’s stock valued at $1,145,000 after buying an additional 171 shares during the last quarter. Trademark Financial Management LLC increased its stake in Invesco International BuyBack Achievers ETF by 2.6% during the fourth quarter. Trademark Financial Management LLC now owns 6,755 shares of the company’s stock worth $375,000 after purchasing an additional 174 shares during the period. Insight Wealth Strategies LLC increased its stake in Invesco International BuyBack Achievers ETF by 5.9% during the fourth quarter. Insight Wealth Strategies LLC now owns 5,502 shares of the company’s stock worth $306,000 after purchasing an additional 307 shares during the period. Total Clarity Wealth Management Inc. increased its stake in Invesco International BuyBack Achievers ETF by 4.4% during the first quarter. Total Clarity Wealth Management Inc. now owns 8,008 shares of the company’s stock worth $451,000 after purchasing an additional 339 shares during the period. Finally, Mutual Advisors LLC increased its stake in shares of Invesco International BuyBack Achievers ETF by 8.1% during the fourth quarter. Mutual Advisors LLC now owns 4,869 shares of the company’s stock worth $271,000 after buying an additional 366 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.