Hudock Inc. Makes New $2.70 Million Investment in Invesco BuyBack Achievers ETF $PKW

Hudock Inc. bought a new position in Invesco BuyBack Achievers ETF (NASDAQ:PKW) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,356 shares of the exchange traded fund’s stock, valued at approximately $2,697,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco BuyBack Achievers ETF by 130.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 65,199 shares of the exchange traded fund’s stock worth $8,059,000 after acquiring an additional 36,890 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Invesco BuyBack Achievers ETF in the 2nd quarter worth $3,721,000. Fortitude Financial LLC purchased a new position in shares of Invesco BuyBack Achievers ETF in the second quarter worth $3,694,000. Sovran Advisors LLC lifted its holdings in shares of Invesco BuyBack Achievers ETF by 92.2% during the second quarter. Sovran Advisors LLC now owns 46,046 shares of the exchange traded fund’s stock valued at $5,782,000 after purchasing an additional 22,088 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Invesco BuyBack Achievers ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 780,882 shares of the exchange traded fund’s stock valued at $96,517,000 after purchasing an additional 16,109 shares in the last quarter.

Invesco BuyBack Achievers ETF Stock Performance

NASDAQ PKW opened at $138.15 on Friday. Invesco BuyBack Achievers ETF has a one year low of $96.10 and a one year high of $138.50. The stock has a 50-day moving average of $132.88 and a 200 day moving average of $130.33. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 15.13 and a beta of 1.05.

Invesco BuyBack Achievers ETF Cuts Dividend

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

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.