Financial Enhancement Group LLC Makes New $3.92 Million Investment in Invesco International BuyBack Achievers ETF $IPKW

Financial Enhancement Group LLC acquired a new stake in shares of Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 67,064 shares of the company’s stock, valued at approximately $3,917,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IPKW. Fifth Third Bancorp bought a new position in Invesco International BuyBack Achievers ETF in the 1st quarter worth about $35,000. Kane Investment Management Inc. bought a new stake in shares of Invesco International BuyBack Achievers ETF during the 4th quarter valued at about $208,000. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco International BuyBack Achievers ETF during the 2nd quarter valued at about $221,000. Apollon Wealth Management LLC purchased a new position in shares of Invesco International BuyBack Achievers ETF during the first quarter worth about $264,000. Finally, IRON Financial LLC grew its holdings in shares of Invesco International BuyBack Achievers ETF by 40.9% during the first quarter. IRON Financial LLC now owns 5,556 shares of the company’s stock worth $313,000 after purchasing an additional 1,613 shares in the last quarter.

Invesco International BuyBack Achievers ETF Stock Up 0.3%

Shares of IPKW stock traded up $0.15 during trading on Thursday, hitting $58.56. The company had a trading volume of 27,495 shares, compared to its average volume of 55,998. The stock’s 50-day moving average is $60.68 and its two-hundred day moving average is $58.84. The stock has a market capitalization of $538.75 million, a price-to-earnings ratio of 10.59 and a beta of 0.64. Invesco International BuyBack Achievers ETF has a 52 week low of $50.96 and a 52 week high of $62.17.

Invesco International BuyBack Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.2494 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco International BuyBack Achievers ETF’s previous quarterly dividend of $0.4503.

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.