Envestnet Asset Management Inc. Cuts Stock Holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Envestnet Asset Management Inc. reduced its holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 29.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,739 shares of the exchange traded fund’s stock after selling 28,049 shares during the period. Envestnet Asset Management Inc.’s holdings in Invesco BuyBack Achievers ETF were worth $7,519,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blair William & Co. IL lifted its holdings in Invesco BuyBack Achievers ETF by 32.9% during the 4th quarter. Blair William & Co. IL now owns 877 shares of the exchange traded fund’s stock valued at $101,000 after buying an additional 217 shares in the last quarter. Comerica Bank raised its holdings in shares of Invesco BuyBack Achievers ETF by 81.4% in the 4th quarter. Comerica Bank now owns 1,335 shares of the exchange traded fund’s stock valued at $154,000 after purchasing an additional 599 shares in the last quarter. Coppell Advisory Solutions LLC grew its position in shares of Invesco BuyBack Achievers ETF by 51.2% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,400 shares of the exchange traded fund’s stock worth $161,000 after buying an additional 474 shares during the last quarter. Novem Group purchased a new position in shares of Invesco BuyBack Achievers ETF in the 4th quarter worth approximately $213,000. Finally, Key Client Fiduciary Advisors LLC grew its position in shares of Invesco BuyBack Achievers ETF by 8.4% in the 1st quarter. Key Client Fiduciary Advisors LLC now owns 1,915 shares of the exchange traded fund’s stock worth $216,000 after buying an additional 149 shares during the last quarter.

Invesco BuyBack Achievers ETF Stock Up 0.9%

Shares of Invesco BuyBack Achievers ETF stock opened at $126.33 on Wednesday. Invesco BuyBack Achievers ETF has a 52-week low of $96.10 and a 52-week high of $127.10. The company has a market cap of $1.38 billion, a P/E ratio of 15.13 and a beta of 1.09. The firm’s 50 day moving average price is $121.34 and its 200-day moving average price is $116.24.

Invesco BuyBack Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were issued a dividend of $0.3716 per share. The ex-dividend date of this dividend was Monday, June 23rd. This is an increase from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.23. This represents a $1.49 dividend on an annualized basis and a yield of 1.18%.

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.