Truist Financial Corp Sells 17,593 Shares of Invesco BuyBack Achievers ETF $PKW

Truist Financial Corp decreased its stake in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 26.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,157 shares of the exchange traded fund’s stock after selling 17,593 shares during the period. Truist Financial Corp owned 0.43% of Invesco BuyBack Achievers ETF worth $6,512,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. National Wealth Management Group LLC increased its stake in shares of Invesco BuyBack Achievers ETF by 8.2% during the 3rd quarter. National Wealth Management Group LLC now owns 2,710 shares of the exchange traded fund’s stock worth $359,000 after purchasing an additional 206 shares during the last quarter. Sovran Advisors LLC increased its position in Invesco BuyBack Achievers ETF by 39.0% in the third quarter. Sovran Advisors LLC now owns 64,018 shares of the exchange traded fund’s stock worth $8,247,000 after buying an additional 17,972 shares during the last quarter. Elevation Capital Advisory LLC increased its position in Invesco BuyBack Achievers ETF by 337.5% in the third quarter. Elevation Capital Advisory LLC now owns 61,388 shares of the exchange traded fund’s stock worth $8,133,000 after buying an additional 47,355 shares during the last quarter. Vista Investment Partners II LLC bought a new stake in shares of Invesco BuyBack Achievers ETF in the third quarter valued at $417,000. Finally, NorthCrest Asset Manangement LLC lifted its position in shares of Invesco BuyBack Achievers ETF by 2.2% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 13,482 shares of the exchange traded fund’s stock valued at $1,790,000 after buying an additional 285 shares during the last quarter.

Invesco BuyBack Achievers ETF Stock Performance

PKW stock opened at $136.95 on Tuesday. The stock has a fifty day moving average of $135.42 and a 200-day moving average of $131.76. Invesco BuyBack Achievers ETF has a fifty-two week low of $96.10 and a fifty-two week high of $138.50. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 15.13 and a beta of 1.05.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $0.2739 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.10 annualized dividend and a dividend yield of 0.8%.

Invesco BuyBack Achievers ETF 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.