Cornerstone Wealth Management LLC Purchases 8,743 Shares of Invesco BuyBack Achievers ETF $PKW

Cornerstone Wealth Management LLC boosted its position in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 41.8% in the fourth quarter, Holdings Channel reports. The fund owned 29,640 shares of the exchange traded fund’s stock after purchasing an additional 8,743 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Invesco BuyBack Achievers ETF were worth $3,981,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of PKW. Western Wealth Management LLC purchased a new position in Invesco BuyBack Achievers ETF in the fourth quarter worth about $245,000. Allworth Financial LP increased its position in shares of Invesco BuyBack Achievers ETF by 7.7% during the 4th quarter. Allworth Financial LP now owns 2,728 shares of the exchange traded fund’s stock valued at $366,000 after purchasing an additional 196 shares during the last quarter. Pacific Sun Financial Corp increased its position in shares of Invesco BuyBack Achievers ETF by 1.0% during the 4th quarter. Pacific Sun Financial Corp now owns 15,421 shares of the exchange traded fund’s stock valued at $2,071,000 after purchasing an additional 155 shares during the last quarter. One Wealth Map LLC lifted its stake in shares of Invesco BuyBack Achievers ETF by 4.5% in the 4th quarter. One Wealth Map LLC now owns 12,369 shares of the exchange traded fund’s stock worth $1,694,000 after purchasing an additional 532 shares during the period. Finally, Koshinski Asset Management Inc. lifted its stake in shares of Invesco BuyBack Achievers ETF by 2.3% in the 4th quarter. Koshinski Asset Management Inc. now owns 70,184 shares of the exchange traded fund’s stock worth $9,427,000 after purchasing an additional 1,589 shares during the period.

Invesco BuyBack Achievers ETF Trading Up 0.6%

PKW opened at $135.20 on Friday. The company’s 50 day moving average is $134.77 and its 200 day moving average is $134.71. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 15.13 and a beta of 0.95. Invesco BuyBack Achievers ETF has a 12-month low of $115.56 and a 12-month high of $141.39.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.2167 per share. This represents a $0.87 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, March 23rd.

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.