Financial & Tax Architects LLC Acquires 5,625 Shares of Invesco BuyBack Achievers ETF $PKW

Financial & Tax Architects LLC boosted its holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 269.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,713 shares of the exchange traded fund’s stock after acquiring an additional 5,625 shares during the quarter. Financial & Tax Architects LLC’s holdings in Invesco BuyBack Achievers ETF were worth $1,104,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Trust Services Inc. bought a new stake in Invesco BuyBack Achievers ETF during the 3rd quarter worth approximately $37,000. Axiom Investment Management LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF in the first quarter worth approximately $52,000. United Community Bank purchased a new stake in shares of Invesco BuyBack Achievers ETF in the second quarter worth approximately $70,000. Marquette Asset Management LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF in the third quarter worth approximately $72,000. Finally, Main Street Group LTD bought a new position in shares of Invesco BuyBack Achievers ETF in the first quarter valued at approximately $79,000.

Invesco BuyBack Achievers ETF Stock Up 1.3%

PKW stock opened at $149.63 on Friday. The firm has a market capitalization of $1.73 billion, a PE ratio of 15.13 and a beta of 0.92. Invesco BuyBack Achievers ETF has a twelve month low of $125.47 and a twelve month high of $154.72. The stock’s 50 day moving average is $149.20 and its 200-day moving average is $142.85.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a $0.2183 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, September 21st. This is a decrease from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.2575.

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.