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

Shares of Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) hit a new 52-week high on Thursday . The company traded as high as $61.96 and last traded at $61.9550, with a volume of 7749 shares trading hands. The stock had previously closed at $61.11.

Invesco International BuyBack Achievers ETF Price Performance

The stock has a market cap of $564.65 million, a price-to-earnings ratio of 10.59 and a beta of 0.63. The business’s 50 day moving average is $59.56 and its 200 day moving average is $58.37.

Invesco International BuyBack Achievers ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.4504 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, June 22nd.

Institutional Trading of Invesco International BuyBack Achievers ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its stake in shares of Invesco International BuyBack Achievers ETF by 21.2% during the 1st quarter. Jones Financial Companies Lllp now owns 3,823 shares of the company’s stock worth $175,000 after buying an additional 670 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Invesco International BuyBack Achievers ETF by 148.8% during the first quarter. Jane Street Group LLC now owns 114,753 shares of the company’s stock valued at $5,240,000 after acquiring an additional 68,635 shares during the last quarter. Raymond James Financial Inc. increased its position in Invesco International BuyBack Achievers ETF by 93.4% during the 2nd quarter. Raymond James Financial Inc. now owns 418,548 shares of the company’s stock worth $20,362,000 after purchasing an additional 202,083 shares in the last quarter. Vista Investment Management increased its position in Invesco International BuyBack Achievers ETF by 12.3% during the 2nd quarter. Vista Investment Management now owns 52,155 shares of the company’s stock worth $2,537,000 after purchasing an additional 5,721 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Invesco International BuyBack Achievers ETF by 113.0% in the 2nd quarter. Bank of America Corp DE now owns 366,366 shares of the company’s stock valued at $17,824,000 after purchasing an additional 194,381 shares in the last quarter.

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.