Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sets New 52-Week High – Still a Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKW) reached a new 52-week high during trading on Monday . The stock traded as high as $148.53 and last traded at $148.53, with a volume of 6541 shares changing hands. The stock had previously closed at $146.98.

Invesco BuyBack Achievers ETF Stock Up 1.3%

The stock has a market cap of $1.76 billion, a P/E ratio of 15.13 and a beta of 0.92. The business’s 50-day simple moving average is $141.70 and its two-hundred day simple moving average is $137.91.

Invesco BuyBack Achievers ETF Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Belpointe Asset Management LLC raised its holdings in Invesco BuyBack Achievers ETF by 1.2% during the 4th quarter. Belpointe Asset Management LLC now owns 9,268 shares of the exchange traded fund’s stock valued at $1,245,000 after acquiring an additional 109 shares during the period. Quantinno Capital Management LP grew its position in shares of Invesco BuyBack Achievers ETF by 1.9% in the first quarter. Quantinno Capital Management LP now owns 6,698 shares of the exchange traded fund’s stock valued at $879,000 after purchasing an additional 123 shares in the last quarter. Bank of Montreal Can grew its position in shares of Invesco BuyBack Achievers ETF by 1.3% in the fourth quarter. Bank of Montreal Can now owns 11,581 shares of the exchange traded fund’s stock valued at $1,556,000 after purchasing an additional 145 shares in the last quarter. Pacific Sun Financial Corp raised its stake in shares of Invesco BuyBack Achievers ETF by 1.0% during the 4th quarter. Pacific Sun Financial Corp now owns 15,421 shares of the exchange traded fund’s stock valued at $2,071,000 after purchasing an additional 155 shares during the period. Finally, Capital Advisors Ltd. LLC raised its stake in shares of Invesco BuyBack Achievers ETF by 4.7% during the 4th quarter. Capital Advisors Ltd. LLC now owns 4,206 shares of the exchange traded fund’s stock valued at $565,000 after purchasing an additional 189 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.