Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Hits New 1-Year High – Still a Buy?

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $61.96 and last traded at $61.9550, with a volume of 7749 shares. The stock had previously closed at $61.11.

Invesco International BuyBack Achievers ETF Stock Up 1.5%

The business’s fifty day moving average is $59.56 and its 200-day moving average is $58.37. The stock has a market capitalization of $564.65 million, a PE ratio of 10.59 and a beta of 0.63.

Invesco International BuyBack Achievers ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.4504 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.80 annualized dividend and a dividend yield of 2.9%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IPKW. UBS Group AG raised its holdings in shares of Invesco International BuyBack Achievers ETF by 36.2% in the 4th quarter. UBS Group AG now owns 131,752 shares of the company’s stock worth $7,322,000 after purchasing an additional 35,027 shares during the period. Breakwater Capital Group grew its holdings in shares of Invesco International BuyBack Achievers ETF by 9.5% during the 1st quarter. Breakwater Capital Group now owns 141,409 shares of the company’s stock worth $7,956,000 after purchasing an additional 12,246 shares during the period. Horizon Wealth Management LLC acquired a new stake in Invesco International BuyBack Achievers ETF during the 4th quarter worth approximately $4,645,000. Patriot Financial Group Insurance Agency LLC increased its position in Invesco International BuyBack Achievers ETF by 112.4% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 29,050 shares of the company’s stock worth $1,634,000 after purchasing an additional 15,375 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Invesco International BuyBack Achievers ETF in the fourth quarter valued at approximately $1,366,000.

Invesco International BuyBack Achievers ETF Company Profile

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.