Invesco BuyBack Achievers ETF (NASDAQ:PKW) Hits New 1-Year High – Time to Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKW) shares reached a new 52-week high during trading on Monday . The company traded as high as $141.39 and last traded at $141.05, with a volume of 1419 shares trading hands. The stock had previously closed at $139.09.

Invesco BuyBack Achievers ETF Price Performance

The firm has a market cap of $1.67 billion, a P/E ratio of 15.13 and a beta of 0.93. The stock has a 50 day moving average of $136.85 and a 200 day moving average of $135.83.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.2167 per share. This represents a $0.87 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, March 23rd.

Institutional Trading of Invesco BuyBack Achievers ETF

Several institutional investors have recently added to or reduced their stakes in PKW. Integrated Wealth Concepts LLC boosted its position in Invesco BuyBack Achievers ETF by 9.0% during the first quarter. Integrated Wealth Concepts LLC now owns 4,148 shares of the exchange traded fund’s stock valued at $467,000 after buying an additional 342 shares during the period. Jane Street Group LLC purchased a new stake in Invesco BuyBack Achievers ETF during the first quarter valued at about $417,000. JPMorgan Chase & Co. boosted its position in Invesco BuyBack Achievers ETF by 1.2% during the second quarter. JPMorgan Chase & Co. now owns 32,289 shares of the exchange traded fund’s stock valued at $3,991,000 after buying an additional 391 shares during the period. NewEdge Advisors LLC boosted its position in Invesco BuyBack Achievers ETF by 16.4% during the second quarter. NewEdge Advisors LLC now owns 28,115 shares of the exchange traded fund’s stock valued at $3,475,000 after buying an additional 3,951 shares during the period. Finally, Bank of America Corp DE boosted its position in Invesco BuyBack Achievers ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 780,882 shares of the exchange traded fund’s stock valued at $96,517,000 after buying an additional 16,109 shares during the period.

About Invesco BuyBack Achievers ETF

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.