Invesco BuyBack Achievers ETF $PKW Stock: Financial & Tax Architects LLC Raises Holdings

Financial & Tax Architects LLC increased its position in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 269.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,713 shares of the exchange traded fund’s stock after buying an additional 5,625 shares during the period. Financial & Tax Architects LLC owned 0.07% of Invesco BuyBack Achievers ETF worth $1,104,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tempus Wealth Planning LLC raised its stake in Invesco BuyBack Achievers ETF by 13.5% during the 3rd quarter. Tempus Wealth Planning LLC now owns 21,155 shares of the exchange traded fund’s stock worth $3,027,000 after buying an additional 2,515 shares during the period. NorthCrest Asset Manangement LLC grew its stake in Invesco BuyBack Achievers ETF by 3.7% in the third quarter. NorthCrest Asset Manangement LLC now owns 10,510 shares of the exchange traded fund’s stock valued at $1,545,000 after acquiring an additional 377 shares during the period. Marquette Asset Management LLC acquired a new stake in Invesco BuyBack Achievers ETF in the third quarter valued at approximately $72,000. Wealth Enhancement Trust Services Inc. bought a new stake in shares of Invesco BuyBack Achievers ETF during the third quarter valued at approximately $37,000. Finally, Bangor Savings Bank bought a new stake in shares of Invesco BuyBack Achievers ETF during the third quarter valued at approximately $109,000.

Invesco BuyBack Achievers ETF Stock Up 1.3%

Shares of NASDAQ:PKW opened at $149.63 on Friday. Invesco BuyBack Achievers ETF has a twelve month low of $125.47 and a twelve month high of $154.72. The stock’s 50 day moving average is $149.20 and its 200-day moving average is $142.85. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 15.13 and a beta of 0.92.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a $0.2183 dividend. This represents a $0.87 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, September 21st. This is a decrease from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.2575.

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.