Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Unusually-High Trading Volume – Time to Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKW) shares saw strong trading volume on Friday . Approximately 26,799 shares changed hands during mid-day trading, a decline of 6% from the previous session’s volume of 28,603 shares.The stock last traded at $145.09 and had previously closed at $144.96.

Invesco BuyBack Achievers ETF Trading Down 0.4%

The company’s fifty day moving average is $139.02 and its 200-day moving average is $137.06. The firm has a market capitalization of $1.69 billion, a P/E ratio of 15.13 and a beta of 0.92.

Invesco BuyBack Achievers ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.2575 per share. This represents a $1.03 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, June 22nd.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

A number of institutional investors have recently made changes to their positions in the business. Garton & Associates Financial Advisors LLC bought a new stake in Invesco BuyBack Achievers ETF during the 4th quarter valued at approximately $28,000. Chesapeake Asset Management LLC bought a new position in Invesco BuyBack Achievers ETF in the 4th quarter worth approximately $34,000. Axiom Investment Management LLC acquired a new position in shares of Invesco BuyBack Achievers ETF during the first quarter worth approximately $52,000. Main Street Group LTD acquired a new position in shares of Invesco BuyBack Achievers ETF during the first quarter worth approximately $79,000. Finally, Cardiff Park Advisors LLC bought a new stake in shares of Invesco BuyBack Achievers ETF in the first quarter valued at approximately $79,000.

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.