Independent Wealth Network Inc. Cuts Stake in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Independent Wealth Network Inc. reduced its stake in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,776 shares of the exchange traded fund’s stock after selling 133 shares during the period. Independent Wealth Network Inc. owned approximately 0.06% of Invesco BuyBack Achievers ETF worth $606,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of PKW. Cibc World Market Inc. boosted its position in shares of Invesco BuyBack Achievers ETF by 8.9% during the first quarter. Cibc World Market Inc. now owns 8,079 shares of the exchange traded fund’s stock valued at $731,000 after buying an additional 661 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in shares of Invesco BuyBack Achievers ETF during the first quarter valued at $1,055,000. UBS Group AG boosted its position in shares of Invesco BuyBack Achievers ETF by 8.0% during the first quarter. UBS Group AG now owns 167,563 shares of the exchange traded fund’s stock valued at $15,161,000 after buying an additional 12,451 shares during the last quarter. Invesco Ltd. boosted its position in shares of Invesco BuyBack Achievers ETF by 23.1% during the first quarter. Invesco Ltd. now owns 9,633 shares of the exchange traded fund’s stock valued at $872,000 after buying an additional 1,809 shares during the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of Invesco BuyBack Achievers ETF during the first quarter valued at $1,679,000.

Invesco BuyBack Achievers ETF Trading Down 0.2 %

PKW stock traded down $0.22 during trading on Tuesday, reaching $91.78. The stock had a trading volume of 15,287 shares, compared to its average volume of 123,641. Invesco BuyBack Achievers ETF has a 52 week low of $73.80 and a 52 week high of $94.70. The stock’s 50 day moving average is $92.62 and its two-hundred day moving average is $87.91. The firm has a market cap of $993.98 million, a PE ratio of 9.87 and a beta of 1.09.

Invesco BuyBack Achievers ETF Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 19th will be issued a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Monday, September 18th.

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.