Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Sets New 1-Year High – Here’s Why

Shares of Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) hit a new 52-week high during trading on Tuesday . The company traded as high as $60.36 and last traded at $60.28, with a volume of 203143 shares changing hands. The stock had previously closed at $59.38.

Invesco International BuyBack Achievers ETF Trading Down 1.6%

The company’s 50 day moving average price is $56.73 and its two-hundred day moving average price is $53.82. The firm has a market cap of $518.70 million, a PE ratio of 10.59 and a beta of 0.73.

Invesco International BuyBack Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.7373 per share. This is a boost from Invesco International BuyBack Achievers ETF’s previous quarterly dividend of $0.29. This represents a $2.95 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. LPL Financial LLC increased its holdings in Invesco International BuyBack Achievers ETF by 27.3% in the 4th quarter. LPL Financial LLC now owns 551,633 shares of the company’s stock worth $30,656,000 after acquiring an additional 118,436 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Invesco International BuyBack Achievers ETF by 17.4% in the third quarter. Raymond James Financial Inc. now owns 491,439 shares of the company’s stock worth $25,894,000 after purchasing an additional 72,891 shares during the period. Bank of America Corp DE increased its stake in shares of Invesco International BuyBack Achievers ETF by 25.5% in the third quarter. Bank of America Corp DE now owns 459,838 shares of the company’s stock worth $24,229,000 after purchasing an additional 93,472 shares in the last quarter. Kellett Wealth Advisors LLC raised its position in shares of Invesco International BuyBack Achievers ETF by 3.6% during the 4th quarter. Kellett Wealth Advisors LLC now owns 246,102 shares of the company’s stock valued at $13,677,000 after purchasing an additional 8,666 shares during the period. Finally, Park Edge Advisors LLC raised its position in shares of Invesco International BuyBack Achievers ETF by 43.1% during the 3rd quarter. Park Edge Advisors LLC now owns 217,595 shares of the company’s stock valued at $11,465,000 after purchasing an additional 65,572 shares during the period.

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.