Smart Portfolios LLC Has $2.30 Million Stake in Invesco BuyBack Achievers ETF $PKW

Smart Portfolios LLC reduced its stake in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,573 shares of the exchange traded fund’s stock after selling 552 shares during the quarter. Invesco BuyBack Achievers ETF comprises approximately 2.3% of Smart Portfolios LLC’s holdings, making the stock its 8th largest position. Smart Portfolios LLC owned 0.17% of Invesco BuyBack Achievers ETF worth $2,296,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Costello Asset Management INC grew its stake in Invesco BuyBack Achievers ETF by 77.0% during the 2nd quarter. Costello Asset Management INC now owns 216 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 94 shares during the last quarter. Assetmark Inc. grew its stake in Invesco BuyBack Achievers ETF by 262.8% during the 1st quarter. Assetmark Inc. now owns 283 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 205 shares during the last quarter. Bangor Savings Bank bought a new position in shares of Invesco BuyBack Achievers ETF in the second quarter worth $95,000. Harbour Investments Inc. grew its stake in shares of Invesco BuyBack Achievers ETF by 43.2% in the first quarter. Harbour Investments Inc. now owns 1,011 shares of the exchange traded fund’s stock worth $114,000 after purchasing an additional 305 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Invesco BuyBack Achievers ETF in the second quarter worth $115,000.

Invesco BuyBack Achievers ETF Stock Performance

NASDAQ:PKW opened at $131.90 on Wednesday. Invesco BuyBack Achievers ETF has a 1 year low of $96.10 and a 1 year high of $134.08. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 15.13 and a beta of 1.09. The business has a fifty day moving average of $130.63 and a 200-day moving average of $121.83.

Invesco BuyBack Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a $0.3774 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.37. This represents a $1.51 annualized dividend and a dividend yield of 1.1%.

Invesco BuyBack Achievers ETF 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.