Invesco BuyBack Achievers ETF (NASDAQ:PKW) Hits New 1-Year High – Time to Buy?

Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $141.39 and last traded at $141.05, with a volume of 1419 shares changing hands. The stock had previously closed at $139.09.

Invesco BuyBack Achievers ETF Trading Up 0.7%

The business’s fifty day simple moving average is $136.85 and its 200-day simple moving average is $135.83. The firm has a market cap of $1.67 billion, a P/E ratio of 15.13 and a beta of 0.93.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.2167 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.87 dividend on an annualized basis and a yield of 0.6%.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of PKW. Triton Wealth Management PLLC raised its holdings in Invesco BuyBack Achievers ETF by 565.5% during the 4th quarter. Triton Wealth Management PLLC now owns 70,934 shares of the exchange traded fund’s stock valued at $9,585,000 after acquiring an additional 60,275 shares during the period. Bank of America Corp DE increased its holdings in shares of Invesco BuyBack Achievers ETF by 5.6% in the third quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock worth $109,269,000 after purchasing an additional 43,912 shares during the period. LPL Financial LLC increased its holdings in shares of Invesco BuyBack Achievers ETF by 9.5% in the fourth quarter. LPL Financial LLC now owns 463,308 shares of the exchange traded fund’s stock worth $62,232,000 after purchasing an additional 40,121 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Invesco BuyBack Achievers ETF by 11.2% in the fourth quarter. Wells Fargo & Company MN now owns 372,416 shares of the exchange traded fund’s stock worth $50,023,000 after purchasing an additional 37,513 shares during the period. Finally, Two Sigma Investments LP bought a new position in shares of Invesco BuyBack Achievers ETF in the third quarter worth $4,372,000.

Invesco BuyBack Achievers ETF Company 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.