Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Strong Trading Volume Following Dividend Announcement

Invesco BuyBack Achievers ETF (NASDAQ:PKW) shares saw unusually-high trading volume on Tuesday following a dividend announcement from the company. Approximately 35,636 shares changed hands during mid-day trading, an increase of 90% from the previous session’s volume of 18,792 shares.The stock last traded at $115.52 and had previously closed at $115.38.

The newly announced dividend which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a $0.3078 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Invesco BuyBack Achievers ETF’s previous dividend of $0.22.

Invesco BuyBack Achievers ETF Price Performance

The company has a market capitalization of $1.22 billion, a PE ratio of 14.74 and a beta of 1.09. The company’s fifty day moving average is $116.92 and its 200-day moving average is $116.94.

Institutional Trading of Invesco BuyBack Achievers ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. boosted its position in Invesco BuyBack Achievers ETF by 14.3% during the third quarter. D.A. Davidson & CO. now owns 4,426 shares of the exchange traded fund’s stock valued at $507,000 after purchasing an additional 555 shares in the last quarter. FMR LLC lifted its position in shares of Invesco BuyBack Achievers ETF by 2.3% during the third quarter. FMR LLC now owns 40,287 shares of the exchange traded fund’s stock valued at $4,614,000 after buying an additional 903 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of 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 buying an additional 136 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Invesco BuyBack Achievers ETF in the 3rd quarter worth approximately $432,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Invesco BuyBack Achievers ETF in the 3rd quarter worth approximately $687,000.

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.