Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sets New 1-Year High – Should You Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKW)’s share price hit 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 Trading Up 1.0%

The company has a market capitalization of $1.82 billion, a PE ratio of 15.13 and a beta of 0.92. The stock has a fifty day moving average of $147.02 and a two-hundred day moving average of $139.97.

Invesco BuyBack Achievers ETF Announces Dividend

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

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

A number of hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC boosted its stake in shares of Invesco BuyBack Achievers ETF by 9.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,148 shares of the exchange traded fund’s stock valued at $467,000 after purchasing an additional 342 shares in the last quarter. Jane Street Group LLC bought a new stake in Invesco BuyBack Achievers ETF in the first quarter worth $417,000. JPMorgan Chase & Co. boosted its position in Invesco BuyBack Achievers ETF by 1.2% during the second quarter. JPMorgan Chase & Co. now owns 32,289 shares of the exchange traded fund’s stock valued at $3,991,000 after buying an additional 391 shares during the period. NewEdge Advisors LLC boosted its position in Invesco BuyBack Achievers ETF by 16.4% during the second quarter. NewEdge Advisors LLC now owns 28,115 shares of the exchange traded fund’s stock valued at $3,475,000 after buying an additional 3,951 shares during the period. Finally, Bank of America Corp DE boosted its position in Invesco BuyBack Achievers ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 780,882 shares of the exchange traded fund’s stock valued at $96,517,000 after buying an additional 16,109 shares during the period.

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.