Axxcess Wealth Management LLC Sells 5,789 Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Axxcess Wealth Management LLC trimmed its stake in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 68.5% during the 4th quarter, HoldingsChannel reports. The fund owned 2,656 shares of the exchange traded fund’s stock after selling 5,789 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Invesco BuyBack Achievers ETF were worth $263,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its position in shares of Invesco BuyBack Achievers ETF by 7,426.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,907,550 shares of the exchange traded fund’s stock worth $441,532,000 after purchasing an additional 4,842,343 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new stake in Invesco BuyBack Achievers ETF during the 3rd quarter valued at about $60,662,000. LPL Financial LLC increased its stake in Invesco BuyBack Achievers ETF by 51.4% during the 3rd quarter. LPL Financial LLC now owns 503,141 shares of the exchange traded fund’s stock valued at $45,268,000 after purchasing an additional 170,737 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in Invesco BuyBack Achievers ETF in the third quarter worth about $10,449,000. Finally, Atria Wealth Solutions Inc. bought a new position in shares of Invesco BuyBack Achievers ETF in the third quarter worth approximately $6,205,000.

Invesco BuyBack Achievers ETF Stock Up 1.2 %

NASDAQ:PKW opened at $105.05 on Friday. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09. The company’s 50 day moving average price is $104.57 and its 200-day moving average price is $98.87. Invesco BuyBack Achievers ETF has a 52 week low of $81.93 and a 52 week high of $108.33.

Invesco BuyBack Achievers ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.3103 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.24 annualized dividend and a yield of 1.18%.

Invesco BuyBack Achievers ETF 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.