Truist Financial Corp Sells 17,593 Shares of Invesco BuyBack Achievers ETF $PKW

Truist Financial Corp trimmed its position in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 26.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,157 shares of the exchange traded fund’s stock after selling 17,593 shares during the quarter. Truist Financial Corp’s holdings in Invesco BuyBack Achievers ETF were worth $6,512,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PKW. Costello Asset Management INC grew its holdings in Invesco BuyBack Achievers ETF by 77.0% in the 2nd quarter. Costello Asset Management INC now owns 216 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 94 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Invesco BuyBack Achievers ETF by 72.4% during the second quarter. Assetmark Inc. now owns 488 shares of the exchange traded fund’s stock worth $60,000 after purchasing an additional 205 shares during the period. CX Institutional bought a new stake in shares of Invesco BuyBack Achievers ETF in the third quarter worth about $71,000. Ameritas Advisory Services LLC bought a new stake in shares of Invesco BuyBack Achievers ETF in the second quarter worth about $115,000. Finally, Nova Wealth Management Inc. increased its holdings in Invesco BuyBack Achievers ETF by 2,519.4% during the 3rd quarter. Nova Wealth Management Inc. now owns 943 shares of the exchange traded fund’s stock valued at $125,000 after purchasing an additional 907 shares during the period.

Invesco BuyBack Achievers ETF Price Performance

PKW opened at $136.95 on Tuesday. Invesco BuyBack Achievers ETF has a one year low of $96.10 and a one year high of $138.50. The business has a 50 day simple moving average of $135.42 and a two-hundred day simple moving average of $131.76. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 15.13 and a beta of 1.05.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $0.2739 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, December 22nd.

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.