Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Unusually-High Trading Volume – Here’s Why

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw unusually-strong trading volume on Friday . 17,907 shares traded hands during mid-day trading, a decline of 40% from the previous session’s volume of 29,619 shares.The stock last traded at $150.56 and had previously closed at $149.63.

Invesco BuyBack Achievers ETF Price Performance

The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 15.13 and a beta of 0.92. The firm’s 50-day moving average is $144.73 and its 200 day moving average is $139.08.

Invesco BuyBack Achievers ETF Announces Dividend

The business also recently disclosed 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 of this dividend was Monday, June 22nd. This represents a $1.03 annualized dividend and a dividend yield of 0.7%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Trust Co. of Vermont purchased a new position in shares of Invesco BuyBack Achievers ETF in the 2nd quarter worth $28,000. Dynamic Advisor Solutions LLC purchased a new stake in Invesco BuyBack Achievers ETF during the second quarter valued at about $203,000. Axiom Investment Management LLC acquired a new stake in Invesco BuyBack Achievers ETF during the first quarter worth about $52,000. Royal Bank of Canada increased its stake in Invesco BuyBack Achievers ETF by 1.6% during the first quarter. Royal Bank of Canada now owns 50,419 shares of the exchange traded fund’s stock worth $6,617,000 after acquiring an additional 770 shares during the last quarter. Finally, Quantinno Capital Management LP increased its stake in Invesco BuyBack Achievers ETF by 1.9% during the first quarter. Quantinno Capital Management LP now owns 6,698 shares of the exchange traded fund’s stock worth $879,000 after acquiring an additional 123 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.