Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sets New 1-Year High – Here’s Why

Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) hit a new 52-week high on Monday . The company traded as high as $141.39 and last traded at $141.05, with a volume of 1419 shares. The stock had previously closed at $139.09.

Invesco BuyBack Achievers ETF Stock Up 0.4%

The stock has a fifty day moving average of $137.16 and a two-hundred day moving average of $135.94. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 15.13 and a beta of 0.93.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a dividend of $0.2167 per share. This represents a $0.87 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Stegent Equity Advisors Inc. acquired a new position in Invesco BuyBack Achievers ETF during the fourth quarter worth $1,886,000. Curtis Advisory Group LLC grew its holdings in Invesco BuyBack Achievers ETF by 4.8% during the fourth quarter. Curtis Advisory Group LLC now owns 81,820 shares of the exchange traded fund’s stock worth $10,990,000 after acquiring an additional 3,760 shares during the period. SteelPeak Wealth LLC acquired a new position in Invesco BuyBack Achievers ETF during the fourth quarter worth $551,000. Kendall Capital Management grew its holdings in Invesco BuyBack Achievers ETF by 121.6% in the fourth quarter. Kendall Capital Management now owns 8,082 shares of the exchange traded fund’s stock valued at $1,086,000 after purchasing an additional 4,435 shares during the last quarter. Finally, Dana Investment Advisors Inc. acquired a new stake in Invesco BuyBack Achievers ETF in the fourth quarter valued at $726,000.

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.