Invesco BuyBack Achievers ETF (NASDAQ:PKW) Reaches New 12-Month High – Should You Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKW) hit a new 52-week high on Monday . The company traded as high as $146.00 and last traded at $146.00, with a volume of 1005 shares traded. The stock had previously closed at $144.56.

Invesco BuyBack Achievers ETF Price Performance

The business has a 50-day moving average of $140.56 and a two-hundred day moving average of $137.56. The company has a market cap of $1.73 billion, a P/E ratio of 15.13 and a beta of 0.92.

Invesco BuyBack Achievers ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PKW. Belpointe Asset Management LLC increased its stake in Invesco BuyBack Achievers ETF by 1.2% during the 4th quarter. Belpointe Asset Management LLC now owns 9,268 shares of the exchange traded fund’s stock worth $1,245,000 after buying an additional 109 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Invesco BuyBack Achievers ETF by 1.9% in the first quarter. Quantinno Capital Management LP now owns 6,698 shares of the exchange traded fund’s stock valued at $879,000 after acquiring an additional 123 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Invesco BuyBack Achievers ETF by 1.3% in the fourth quarter. Bank of Montreal Can now owns 11,581 shares of the exchange traded fund’s stock valued at $1,556,000 after acquiring an additional 145 shares in the last quarter. Pacific Sun Financial Corp boosted its stake in shares of Invesco BuyBack Achievers ETF by 1.0% in the fourth quarter. Pacific Sun Financial Corp now owns 15,421 shares of the exchange traded fund’s stock worth $2,071,000 after acquiring an additional 155 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of Invesco BuyBack Achievers ETF by 4.7% in the fourth quarter. Capital Advisors Ltd. LLC now owns 4,206 shares of the exchange traded fund’s stock worth $565,000 after acquiring an additional 189 shares during the last quarter.

About Invesco BuyBack Achievers ETF

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.