Invesco BuyBack Achievers ETF (NASDAQ:PKW) Reaches New 52-Week High – Here’s Why

Invesco BuyBack Achievers ETF (NASDAQ:PKW) reached a new 52-week high during trading on Monday . The stock traded as high as $148.53 and last traded at $148.53, with a volume of 6541 shares traded. The stock had previously closed at $146.98.

Invesco BuyBack Achievers ETF Stock Performance

The firm has a market cap of $1.74 billion, a PE ratio of 15.13 and a beta of 0.92. The stock has a 50-day simple moving average of $141.22 and a two-hundred day simple moving average of $137.75.

Invesco BuyBack Achievers ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.2575 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.03 dividend on an annualized basis and a dividend yield of 0.7%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Curtis Advisory Group LLC grew its position in Invesco BuyBack Achievers ETF by 4.8% in the 4th quarter. Curtis Advisory Group LLC now owns 81,820 shares of the exchange traded fund’s stock worth $10,990,000 after purchasing an additional 3,760 shares during the period. SteelPeak Wealth LLC bought a new position in shares of Invesco BuyBack Achievers ETF during the 4th quarter valued at $551,000. Dana Investment Advisors Inc. bought a new position in shares of Invesco BuyBack Achievers ETF during the 4th quarter valued at $726,000. Cornerstone Wealth Management LLC boosted its stake in shares of Invesco BuyBack Achievers ETF by 41.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 29,640 shares of the exchange traded fund’s stock worth $3,981,000 after buying an additional 8,743 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. boosted its stake in shares of Invesco BuyBack Achievers ETF by 1,179.7% in the 1st quarter. Total Clarity Wealth Management Inc. now owns 29,573 shares of the exchange traded fund’s stock worth $3,881,000 after buying an additional 27,262 shares during the last quarter.

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.