Invesco BuyBack Achievers ETF (NASDAQ:PKW) Reaches New 1-Year High – Here’s Why

Invesco BuyBack Achievers ETF (NASDAQ:PKW)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $153.95 and last traded at $154.23, with a volume of 1287 shares changing hands. The stock had previously closed at $152.59.

Invesco BuyBack Achievers ETF Price Performance

The firm has a fifty day simple moving average of $147.54 and a two-hundred day simple moving average of $140.18. The firm has a market capitalization of $1.81 billion, a P/E ratio of 15.13 and a beta of 0.92.

Invesco BuyBack Achievers ETF Announces Dividend

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

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. United Community Bank purchased a new position in shares of Invesco BuyBack Achievers ETF in the second quarter worth about $70,000. Triton Wealth Management PLLC lifted its stake in shares of Invesco BuyBack Achievers ETF by 565.5% during the 4th quarter. Triton Wealth Management PLLC now owns 70,934 shares of the exchange traded fund’s stock valued at $9,585,000 after buying an additional 60,275 shares in the last quarter. Bank of America Corp DE lifted 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 valued at $109,269,000 after buying an additional 43,912 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in Invesco BuyBack Achievers ETF by 16,177.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 40,693 shares of the exchange traded fund’s stock worth $5,765,000 after buying an additional 40,443 shares during the period. Finally, LPL Financial LLC boosted its holdings in shares of Invesco BuyBack Achievers ETF by 9.5% in the fourth quarter. LPL Financial LLC now owns 463,308 shares of the exchange traded fund’s stock worth $62,232,000 after acquiring an additional 40,121 shares during the period.

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.