Invesco BuyBack Achievers ETF (NASDAQ:PKW) Reaches New 12-Month High – Should You Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKW) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $142.14 and last traded at $142.13, with a volume of 3257 shares. The stock had previously closed at $140.28.

Invesco BuyBack Achievers ETF Trading Up 0.5%

The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 15.13 and a beta of 0.93. The stock has a 50-day moving average of $137.72 and a 200-day moving average of $136.29.

Invesco BuyBack Achievers ETF Dividend Announcement

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

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Several institutional investors have recently modified their holdings of PKW. Axiom Investment Management LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF in the 1st quarter worth about $52,000. Royal Bank of Canada boosted its stake in Invesco BuyBack Achievers ETF by 1.6% during the 1st quarter. Royal Bank of Canada now owns 50,419 shares of the exchange traded fund’s stock valued at $6,617,000 after purchasing an additional 770 shares during the period. Quantinno Capital Management LP boosted its stake in Invesco BuyBack Achievers ETF by 1.9% during the 1st quarter. Quantinno Capital Management LP now owns 6,698 shares of the exchange traded fund’s stock valued at $879,000 after purchasing an additional 123 shares during the period. Cardiff Park Advisors LLC bought a new position in Invesco BuyBack Achievers ETF in the 1st quarter worth about $79,000. Finally, Waverly Advisors LLC grew its position in Invesco BuyBack Achievers ETF by 3.1% in the 1st quarter. Waverly Advisors LLC now owns 50,413 shares of the exchange traded fund’s stock worth $6,617,000 after purchasing an additional 1,520 shares during the last quarter.

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.