Truist Financial Corp Buys 5,718 Shares of Invesco BuyBack Achievers ETF $PKW

Truist Financial Corp boosted its stake in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,875 shares of the exchange traded fund’s stock after purchasing an additional 5,718 shares during the period. Truist Financial Corp owned about 0.46% of Invesco BuyBack Achievers ETF worth $7,371,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Modern Wealth Management LLC lifted its position in Invesco BuyBack Achievers ETF by 2.3% during the third quarter. Modern Wealth Management LLC now owns 3,566 shares of the exchange traded fund’s stock valued at $472,000 after purchasing an additional 79 shares during the period. Essex Financial Services Inc. lifted its position in Invesco BuyBack Achievers ETF by 0.5% during the third quarter. Essex Financial Services Inc. now owns 16,604 shares of the exchange traded fund’s stock valued at $2,200,000 after purchasing an additional 84 shares during the period. Allworth Financial LP lifted its position in Invesco BuyBack Achievers ETF by 3.6% during the third quarter. Allworth Financial LP now owns 2,532 shares of the exchange traded fund’s stock valued at $335,000 after purchasing an additional 88 shares during the period. Belpointe Asset Management LLC lifted its position in Invesco BuyBack Achievers ETF by 1.2% during the fourth quarter. Belpointe Asset Management LLC now owns 9,268 shares of the exchange traded fund’s stock valued at $1,245,000 after purchasing an additional 109 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its position in Invesco BuyBack Achievers ETF by 4.7% during the fourth quarter. Capital Advisors Ltd. LLC now owns 4,206 shares of the exchange traded fund’s stock valued at $565,000 after purchasing an additional 189 shares during the period.

Invesco BuyBack Achievers ETF Stock Down 0.3%

Shares of Invesco BuyBack Achievers ETF stock opened at $136.92 on Friday. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 15.13 and a beta of 0.95. The company’s 50 day moving average is $135.03 and its 200 day moving average is $134.60. Invesco BuyBack Achievers ETF has a twelve month low of $113.42 and a twelve month high of $141.39.

Invesco BuyBack Achievers ETF Cuts Dividend

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

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.