Invesco BuyBack Achievers ETF (NASDAQ:PKW) Hits New 12-Month High – What’s Next?

Invesco BuyBack Achievers ETF (NASDAQ:PKW) hit a new 52-week high on Thursday . The company traded as high as $151.03 and last traded at $151.03, with a volume of 4848 shares. The stock had previously closed at $150.29.

Invesco BuyBack Achievers ETF Price Performance

The company has a market capitalization of $1.79 billion, a P/E ratio of 15.13 and a beta of 0.92. The firm has a fifty day moving average price of $143.76 and a 200-day moving average price of $138.66.

Invesco BuyBack Achievers ETF Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its stake in shares of 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 worth $109,269,000 after purchasing an additional 43,912 shares during the period. LPL Financial LLC grew its position in Invesco BuyBack Achievers ETF by 9.5% during the fourth quarter. LPL Financial LLC now owns 463,308 shares of the exchange traded fund’s stock valued at $62,232,000 after buying an additional 40,121 shares during the period. Wells Fargo & Company MN grew its position in Invesco BuyBack Achievers ETF by 11.2% during the fourth quarter. Wells Fargo & Company MN now owns 372,416 shares of the exchange traded fund’s stock valued at $50,023,000 after buying an additional 37,513 shares during the period. UBS Group AG increased its holdings in Invesco BuyBack Achievers ETF by 11.4% during the third quarter. UBS Group AG now owns 137,398 shares of the exchange traded fund’s stock worth $18,202,000 after buying an additional 14,043 shares during the last quarter. Finally, Mariner LLC increased its holdings in Invesco BuyBack Achievers ETF by 1.4% during the fourth quarter. Mariner LLC now owns 81,595 shares of the exchange traded fund’s stock worth $10,960,000 after buying an additional 1,134 shares during the last quarter.

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.