Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Unusually-High Trading Volume – Here’s Why

Invesco BuyBack Achievers ETF (NASDAQ:PKW) shares saw unusually-strong trading volume on Friday . Approximately 17,907 shares traded hands during trading, a decline of 40% from the previous session’s volume of 29,619 shares.The stock last traded at $150.56 and had previously closed at $149.63.

Invesco BuyBack Achievers ETF Trading Up 1.0%

The company’s 50 day simple moving average is $144.73 and its 200 day simple moving average is $139.08. The stock has a market capitalization of $1.78 billion, a PE ratio of 15.13 and a beta of 0.92.

Invesco BuyBack Achievers ETF Announces Dividend

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

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Several institutional investors have recently added to or reduced their stakes in PKW. Bank of America Corp DE boosted its stake in Invesco BuyBack Achievers ETF by 5.6% in the 3rd quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock worth $109,269,000 after buying an additional 43,912 shares during the last quarter. LPL Financial LLC grew its holdings in Invesco BuyBack Achievers ETF by 9.5% in the 4th quarter. LPL Financial LLC now owns 463,308 shares of the exchange traded fund’s stock valued at $62,232,000 after buying an additional 40,121 shares during the period. Wells Fargo & Company MN increased its stake in shares of Invesco BuyBack Achievers ETF by 11.2% during the 4th quarter. Wells Fargo & Company MN now owns 372,416 shares of the exchange traded fund’s stock valued at $50,023,000 after acquiring an additional 37,513 shares during the last quarter. UBS Group AG increased its stake in shares of Invesco BuyBack Achievers ETF by 11.4% during the 3rd quarter. UBS Group AG now owns 137,398 shares of the exchange traded fund’s stock valued at $18,202,000 after acquiring an additional 14,043 shares during the last quarter. Finally, Mariner LLC lifted its holdings in shares of Invesco BuyBack Achievers ETF by 1.4% during the 4th quarter. Mariner LLC now owns 81,595 shares of the exchange traded fund’s stock worth $10,960,000 after acquiring an additional 1,134 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.