Invesco BuyBack Achievers ETF (NASDAQ:PKW) to Issue Quarterly Dividend of $0.22

Invesco BuyBack Achievers ETF (NASDAQ:PKW) announced a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Investors of record on Monday, March 23rd will be paid a dividend of 0.2167 per share by the exchange traded fund on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, March 23rd.

Invesco BuyBack Achievers ETF Stock Performance

Invesco BuyBack Achievers ETF stock traded up $1.75 during mid-day trading on Monday, hitting $131.27. The company’s stock had a trading volume of 26,436 shares, compared to its average volume of 33,668. The company has a 50 day moving average of $136.27 and a 200-day moving average of $133.74. The stock has a market cap of $2.04 billion, a PE ratio of 15.13 and a beta of 1.05. Invesco BuyBack Achievers ETF has a one year low of $96.10 and a one year high of $140.10.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PKW. Bank of America Corp DE lifted its holdings in Invesco BuyBack Achievers ETF by 5.6% during the 3rd quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock valued at $109,269,000 after buying an additional 43,912 shares in the last quarter. LPL Financial LLC grew its stake in Invesco BuyBack Achievers ETF by 9.5% in the 4th quarter. LPL Financial LLC now owns 463,308 shares of the exchange traded fund’s stock worth $62,232,000 after acquiring an additional 40,121 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Invesco BuyBack Achievers ETF by 11.2% during the fourth quarter. Wells Fargo & Company MN now owns 372,416 shares of the exchange traded fund’s stock worth $50,023,000 after acquiring an additional 37,513 shares during the period. UBS Group AG raised its stake in shares of Invesco BuyBack Achievers ETF by 11.4% during the third quarter. UBS Group AG now owns 137,398 shares of the exchange traded fund’s stock valued at $18,202,000 after acquiring an additional 14,043 shares in the last quarter. Finally, Curtis Advisory Group LLC raised its stake in shares of Invesco BuyBack Achievers ETF by 4.8% during the fourth quarter. Curtis Advisory Group LLC now owns 81,820 shares of the exchange traded fund’s stock valued at $10,990,000 after acquiring an additional 3,760 shares in 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.