Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Strong Trading Volume – Here’s What Happened

Invesco BuyBack Achievers ETF (NASDAQ:PKW) shares saw an uptick in trading volume on Friday . Approximately 26,799 shares were traded during 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 stock has a market capitalization of $1.69 billion, a P/E ratio of 15.13 and a beta of 0.92. The business’s fifty day simple moving average is $139.02 and its two-hundred day simple moving average is $137.06.

Invesco BuyBack Achievers ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.2575 dividend. This represents a $1.03 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, June 22nd.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PKW. Bank of America Corp DE increased its stake in Invesco BuyBack Achievers ETF by 5.6% during the third quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock valued at $109,269,000 after acquiring an additional 43,912 shares during the period. LPL Financial LLC grew its holdings in shares of Invesco BuyBack Achievers ETF by 9.5% during the 4th 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 in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Invesco BuyBack Achievers ETF by 11.2% during the 4th 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 in the last quarter. UBS Group AG increased its position 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 purchasing an additional 14,043 shares during the period. Finally, Curtis Advisory Group LLC increased its position 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 purchasing an additional 3,760 shares during the period.

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.