Salomon & Ludwin LLC Trims Stock Holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Salomon & Ludwin LLC lessened its stake in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 46.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,169 shares of the exchange traded fund’s stock after selling 994 shares during the quarter. Salomon & Ludwin LLC’s holdings in Invesco BuyBack Achievers ETF were worth $121,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new position in shares of Invesco BuyBack Achievers ETF in the 1st quarter worth about $7,785,000. Koshinski Asset Management Inc. bought a new position in shares of Invesco BuyBack Achievers ETF in the 1st quarter worth about $4,089,000. Raymond James & Associates lifted its position in shares of Invesco BuyBack Achievers ETF by 37.6% in the 2nd quarter. Raymond James & Associates now owns 78,539 shares of the exchange traded fund’s stock worth $8,160,000 after buying an additional 21,481 shares during the last quarter. Park Edge Advisors LLC bought a new position in shares of Invesco BuyBack Achievers ETF in the 1st quarter worth about $2,204,000. Finally, Cetera Investment Advisers lifted its position in shares of Invesco BuyBack Achievers ETF by 205.6% in the 1st quarter. Cetera Investment Advisers now owns 27,110 shares of the exchange traded fund’s stock worth $2,934,000 after buying an additional 18,240 shares during the last quarter.

Invesco BuyBack Achievers ETF Stock Performance

Shares of Invesco BuyBack Achievers ETF stock traded up $0.14 during trading hours on Monday, reaching $110.76. The company’s stock had a trading volume of 10,930 shares, compared to its average volume of 18,315. The stock has a market cap of $1.16 billion, a P/E ratio of 12.93 and a beta of 1.09. The company’s 50 day simple moving average is $105.83 and its 200 day simple moving average is $104.53. Invesco BuyBack Achievers ETF has a one year low of $84.19 and a one year high of $111.23.

Invesco BuyBack Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a $0.2245 dividend. The ex-dividend date was Monday, June 24th. This represents a $0.90 annualized dividend and a yield of 0.81%.

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.