Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sets New 12-Month High – Here’s Why

Invesco BuyBack Achievers ETF (NASDAQ:PKW)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $122.93 and last traded at $122.90, with a volume of 15423 shares changing hands. The stock had previously closed at $120.83.

Invesco BuyBack Achievers ETF Stock Up 0.7 %

The company has a 50 day moving average price of $116.13 and a 200-day moving average price of $109.43. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.92 annualized dividend and a dividend yield of 0.74%. This is an increase from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC increased its position in Invesco BuyBack Achievers ETF by 2.9% during the 3rd quarter. Private Advisor Group LLC now owns 28,916 shares of the exchange traded fund’s stock valued at $3,311,000 after purchasing an additional 820 shares during the period. Cetera Investment Advisers increased its position in Invesco BuyBack Achievers ETF by 205.6% during the 1st quarter. Cetera Investment Advisers now owns 27,110 shares of the exchange traded fund’s stock valued at $2,934,000 after purchasing an additional 18,240 shares during the period. Sanctuary Advisors LLC acquired a new stake in Invesco BuyBack Achievers ETF during the 2nd quarter valued at approximately $273,000. Cambridge Investment Research Advisors Inc. increased its position in Invesco BuyBack Achievers ETF by 1.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 42,822 shares of the exchange traded fund’s stock valued at $4,449,000 after purchasing an additional 732 shares during the period. Finally, US Bancorp DE increased its position in Invesco BuyBack Achievers ETF by 23.7% during the 3rd quarter. US Bancorp DE now owns 2,786 shares of the exchange traded fund’s stock valued at $319,000 after purchasing an additional 533 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.