Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Sees Strong Trading Volume – Should You Buy?

Shares of Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) saw strong trading volume on Friday . Approximately 90,023 shares traded hands during mid-day trading, an increase of 55% from the previous session’s volume of 58,020 shares.The stock last traded at $61.9350 and had previously closed at $61.92.

Invesco International BuyBack Achievers ETF Price Performance

The firm’s 50 day moving average is $59.68 and its 200 day moving average is $58.39. The company has a market cap of $564.94 million, a PE ratio of 10.59 and a beta of 0.63.

Invesco International BuyBack Achievers ETF Dividend Announcement

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

Hedge Funds Weigh In On Invesco International BuyBack Achievers ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fortis Group Advisors LLC lifted its position in Invesco International BuyBack Achievers ETF by 0.9% in the fourth quarter. Fortis Group Advisors LLC now owns 19,606 shares of the company’s stock valued at $1,145,000 after purchasing an additional 171 shares during the last quarter. Insight Wealth Strategies LLC raised its stake in shares of Invesco International BuyBack Achievers ETF by 3.4% in the second quarter. Insight Wealth Strategies LLC now owns 6,452 shares of the company’s stock worth $364,000 after buying an additional 215 shares during the period. Total Clarity Wealth Management Inc. boosted its holdings in Invesco International BuyBack Achievers ETF by 4.4% in the 1st quarter. Total Clarity Wealth Management Inc. now owns 8,008 shares of the company’s stock worth $451,000 after buying an additional 339 shares during the period. Mutual Advisors LLC raised its position in shares of Invesco International BuyBack Achievers ETF by 8.1% during the fourth quarter. Mutual Advisors LLC now owns 4,869 shares of the company’s stock valued at $271,000 after buying an additional 366 shares during the last quarter. Finally, Sarver Vrooman Wealth Advisors purchased a new stake in shares of Invesco International BuyBack Achievers ETF in the fourth quarter worth about $26,000.

Invesco International BuyBack Achievers ETF Company Profile

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.