Navigation Group LLC Invests $617,000 in Invesco BuyBack Achievers ETF $PKW

Navigation Group LLC purchased a new position in Invesco BuyBack Achievers ETF (NASDAQ:PKW) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,700 shares of the exchange traded fund’s stock, valued at approximately $617,000.

Several other institutional investors also recently added to or reduced their stakes in PKW. Stegent Equity Advisors Inc. bought a new stake in Invesco BuyBack Achievers ETF in the fourth quarter worth about $1,886,000. Kendall Capital Management boosted its stake in Invesco BuyBack Achievers ETF by 121.6% in the fourth quarter. Kendall Capital Management now owns 8,082 shares of the exchange traded fund’s stock valued at $1,086,000 after acquiring an additional 4,435 shares during the last quarter. Curtis Advisory Group LLC grew its position in shares of Invesco BuyBack Achievers ETF by 4.8% during the 4th 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 during the period. SteelPeak Wealth LLC bought a new position in shares of Invesco BuyBack Achievers ETF during the 4th quarter valued at approximately $551,000. Finally, Dana Investment Advisors Inc. bought a new position in shares of Invesco BuyBack Achievers ETF during the 4th quarter valued at approximately $726,000.

Invesco BuyBack Achievers ETF Stock Up 0.8%

Shares of PKW stock opened at $143.46 on Thursday. The company has a 50 day moving average of $138.86 and a 200-day moving average of $137.00. Invesco BuyBack Achievers ETF has a 12-month low of $122.86 and a 12-month high of $144.82. The firm has a market cap of $1.68 billion, a P/E ratio of 15.13 and a beta of 0.92.

Invesco BuyBack Achievers ETF Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd.

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.