Invesco BuyBack Achievers ETF (NASDAQ:PKW) Reaches New 1-Year High – Still a Buy?

Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) hit a new 52-week high during trading on Wednesday . The company traded as high as $142.46 and last traded at $141.66, with a volume of 29846 shares traded. The stock had previously closed at $142.25.

Invesco BuyBack Achievers ETF Trading Up 0.5%

The stock has a market capitalization of $1.70 billion, a P/E ratio of 15.13 and a beta of 0.93. The company has a fifty day simple moving average of $137.95 and a two-hundred day simple moving average of $136.52.

Invesco BuyBack Achievers ETF Dividend Announcement

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

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Stegent Equity Advisors Inc. bought a new stake in shares of Invesco BuyBack Achievers ETF in the 4th quarter valued at $1,886,000. Curtis Advisory Group LLC lifted its holdings in Invesco BuyBack Achievers ETF by 4.8% during the fourth quarter. Curtis Advisory Group LLC now owns 81,820 shares of the exchange traded fund’s stock worth $10,990,000 after acquiring an additional 3,760 shares in the last quarter. Kendall Capital Management lifted its holdings in Invesco BuyBack Achievers ETF by 121.6% during the fourth quarter. Kendall Capital Management now owns 8,082 shares of the exchange traded fund’s stock worth $1,086,000 after acquiring an additional 4,435 shares in the last quarter. SteelPeak Wealth LLC acquired a new position in Invesco BuyBack Achievers ETF in the fourth quarter valued at about $551,000. Finally, Dana Investment Advisors Inc. acquired a new position in Invesco BuyBack Achievers ETF in the fourth quarter valued at about $726,000.

Invesco BuyBack Achievers ETF Company 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.