HighTower Advisors LLC Decreases Holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

HighTower Advisors LLC lowered its stake in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 1.1% in the fourth quarter, Holdings Channel reports. The firm owned 20,191 shares of the exchange traded fund’s stock after selling 215 shares during the period. HighTower Advisors LLC’s holdings in Invesco BuyBack Achievers ETF were worth $2,325,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Kovitz Investment Group Partners LLC lifted its holdings in Invesco BuyBack Achievers ETF by 1.0% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 14,209 shares of the exchange traded fund’s stock valued at $1,596,000 after purchasing an additional 136 shares in the last quarter. Principal Securities Inc. raised its position in shares of Invesco BuyBack Achievers ETF by 4.6% in the fourth quarter. Principal Securities Inc. now owns 4,292 shares of the exchange traded fund’s stock valued at $494,000 after buying an additional 189 shares during the last quarter. Ergawealth Advisors Inc. lifted its stake in shares of Invesco BuyBack Achievers ETF by 6.8% in the fourth quarter. Ergawealth Advisors Inc. now owns 3,576 shares of the exchange traded fund’s stock worth $412,000 after buying an additional 228 shares in the last quarter. Grove Bank & Trust acquired a new position in Invesco BuyBack Achievers ETF during the fourth quarter worth about $35,000. Finally, Venturi Wealth Management LLC acquired a new position in Invesco BuyBack Achievers ETF during the fourth quarter worth about $43,000.

Invesco BuyBack Achievers ETF Trading Down 0.6 %

Shares of NASDAQ PKW opened at $113.75 on Friday. The company has a 50-day moving average of $116.97 and a 200 day moving average of $116.81. Invesco BuyBack Achievers ETF has a 12-month low of $101.26 and a 12-month high of $125.31. The stock has a market cap of $1.21 billion, a PE ratio of 14.74 and a beta of 1.09.

Invesco BuyBack Achievers ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.2197 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.