Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Reaches New 52-Week High – What’s Next?

Shares of Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) reached a new 52-week high on Tuesday . The stock traded as high as $58.47 and last traded at $58.2850, with a volume of 11373 shares trading hands. The stock had previously closed at $57.43.

Invesco International BuyBack Achievers ETF Stock Performance

The firm has a market capitalization of $501.37 million, a PE ratio of 10.59 and a beta of 0.73. The firm’s 50-day moving average is $55.22 and its 200 day moving average is $53.02.

Invesco International BuyBack Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.7373 per share. This is a boost from Invesco International BuyBack Achievers ETF’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, December 22nd. This represents a $2.95 dividend on an annualized basis and a yield of 5.1%.

Institutional Investors Weigh In On Invesco International BuyBack Achievers ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Trust Co. of Vermont bought a new position in Invesco International BuyBack Achievers ETF during the fourth quarter worth about $28,000. Allworth Financial LP acquired a new stake in shares of Invesco International BuyBack Achievers ETF in the third quarter valued at approximately $28,000. Ameritas Advisory Services LLC acquired a new stake in Invesco International BuyBack Achievers ETF during the second quarter worth approximately $73,000. Triumph Capital Management acquired a new position in Invesco International BuyBack Achievers ETF in the 3rd quarter valued at $80,000. Finally, Root Financial Partners LLC bought a new position in Invesco International BuyBack Achievers ETF during the 3rd quarter worth $102,000.

About Invesco International BuyBack Achievers ETF

The Invesco International BuyBack Achievers ETF (IPKW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a modified market-cap-weighted index of global ex-US companies that have reduced their outstanding shares by at least 5% in the past year. IPKW was launched on Mar 6, 2014 and is managed by Invesco.