Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Sees Large Volume Increase – Still a Buy?

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) shares saw unusually-strong trading volume on Friday . Approximately 369,977 shares were traded during mid-day trading, an increase of 533% from the previous session’s volume of 58,429 shares.The stock last traded at $61.77 and had previously closed at $61.25.

Invesco International BuyBack Achievers ETF Stock Up 0.8%

The company’s fifty day moving average price is $58.24 and its two-hundred day moving average price is $58.01. The company has a market cap of $562.11 million, a price-to-earnings ratio of 10.59 and a beta of 0.63.

Invesco International BuyBack Achievers ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.4504 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco International BuyBack Achievers ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in Invesco International BuyBack Achievers ETF by 18.4% during the 1st quarter. Bank of America Corp DE now owns 695,777 shares of the company’s stock worth $39,146,000 after buying an additional 108,140 shares in the last quarter. LPL Financial LLC raised its stake in shares of Invesco International BuyBack Achievers ETF by 27.3% in the fourth quarter. LPL Financial LLC now owns 551,633 shares of the company’s stock worth $30,656,000 after acquiring an additional 118,436 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Invesco International BuyBack Achievers ETF by 17.4% in the third quarter. Raymond James Financial Inc. now owns 491,439 shares of the company’s stock worth $25,894,000 after acquiring an additional 72,891 shares during the last quarter. Kellett Wealth Advisors LLC lifted its position in shares of Invesco International BuyBack Achievers ETF by 33.6% during the first quarter. Kellett Wealth Advisors LLC now owns 328,741 shares of the company’s stock worth $18,496,000 after purchasing an additional 82,639 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its position in shares of Invesco International BuyBack Achievers ETF by 7.6% during the first quarter. Arkadios Wealth Advisors now owns 171,141 shares of the company’s stock worth $9,629,000 after purchasing an additional 12,108 shares in the last quarter.

About Invesco International BuyBack Achievers ETF

The Invesco International BuyBack Achievers ETF (IPKW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a modified market-cap-weighted index of global ex-US companies that have reduced their outstanding shares by at least 5% in the past year. IPKW was launched on Mar 6, 2014 and is managed by Invesco.