Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sets New 1-Year High – Here’s What Happened

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

Invesco BuyBack Achievers ETF Stock Up 0.5%

The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 15.13 and a beta of 0.93. The business’s 50 day simple moving average is $137.58 and its 200-day simple moving average is $136.20.

Invesco BuyBack Achievers ETF Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 22nd will be issued 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 is Monday, June 22nd.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Stegent Equity Advisors Inc. bought a new stake in Invesco BuyBack Achievers ETF during the fourth quarter worth $1,886,000. Curtis Advisory Group LLC increased its stake in shares of Invesco BuyBack Achievers ETF by 4.8% in the 4th quarter. Curtis Advisory Group LLC now owns 81,820 shares of the exchange traded fund’s stock valued at $10,990,000 after purchasing an additional 3,760 shares during the last quarter. SteelPeak Wealth LLC bought a new position in shares of Invesco BuyBack Achievers ETF in the 4th quarter valued at $551,000. Kendall Capital Management raised its holdings in shares of Invesco BuyBack Achievers ETF by 121.6% during the 4th quarter. Kendall Capital Management now owns 8,082 shares of the exchange traded fund’s stock worth $1,086,000 after buying an additional 4,435 shares in the last quarter. Finally, Dana Investment Advisors Inc. acquired a new position in shares of Invesco BuyBack Achievers ETF during the 4th quarter worth $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.