Waverly Advisors LLC Purchases 27,600 Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Waverly Advisors LLC grew its position in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 197.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,596 shares of the exchange traded fund’s stock after acquiring an additional 27,600 shares during the period. Waverly Advisors LLC’s holdings in Invesco BuyBack Achievers ETF were worth $4,789,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PKW. Grove Bank & Trust bought a new position in shares of Invesco BuyBack Achievers ETF during the fourth quarter valued at about $35,000. Koshinski Asset Management Inc. raised its stake in shares of Invesco BuyBack Achievers ETF by 11.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 67,055 shares of the exchange traded fund’s stock valued at $7,720,000 after acquiring an additional 7,121 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Invesco BuyBack Achievers ETF during the fourth quarter valued at about $644,000. Cornerstone Wealth Management LLC raised its stake in shares of Invesco BuyBack Achievers ETF by 10.0% during the fourth quarter. Cornerstone Wealth Management LLC now owns 11,585 shares of the exchange traded fund’s stock valued at $1,334,000 after acquiring an additional 1,053 shares during the last quarter. Finally, Crews Bank & Trust bought a new position in shares of Invesco BuyBack Achievers ETF during the fourth quarter valued at about $46,000.

Invesco BuyBack Achievers ETF Trading Down 0.5%

Shares of NASDAQ:PKW opened at $119.69 on Wednesday. Invesco BuyBack Achievers ETF has a 12 month low of $96.10 and a 12 month high of $125.31. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 15.28 and a beta of 1.03. The company has a 50-day moving average price of $110.60 and a 200-day moving average price of $115.75.

Invesco BuyBack Achievers ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.3078 dividend. This is an increase from Invesco BuyBack Achievers ETF’s previous dividend of $0.22. The ex-dividend date of this dividend was Monday, March 24th.

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.