Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sets New 1-Year High – Here’s What Happened

Invesco BuyBack Achievers ETF (NASDAQ:PKW)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $142.14 and last traded at $142.13, with a volume of 3257 shares changing hands. The stock had previously closed at $140.28.

Invesco BuyBack Achievers ETF Stock Up 0.5%

The firm has a fifty day moving average of $137.58 and a 200-day moving average of $136.20. The firm has a market cap of $1.68 billion, a P/E ratio of 15.13 and a beta of 0.93.

Invesco BuyBack Achievers ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 22nd will be paid a dividend of $0.2575 per share. The ex-dividend date is Monday, June 22nd. This represents a $1.03 dividend on an annualized basis and a dividend yield of 0.7%.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC bought a new position in Invesco BuyBack Achievers ETF during the fourth quarter worth about $28,000. Chesapeake Asset Management LLC bought a new stake in Invesco BuyBack Achievers ETF in the fourth quarter valued at approximately $34,000. Axiom Investment Management LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF in the first quarter valued at approximately $52,000. Main Street Group LTD acquired a new stake in shares of Invesco BuyBack Achievers ETF in the first quarter valued at approximately $79,000. Finally, Cardiff Park Advisors LLC bought a new position in shares of Invesco BuyBack Achievers ETF during the 1st quarter worth approximately $79,000.

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.