Invesco BuyBack Achievers ETF $PKW is Smart Portfolios LLC’s 4th Largest Position

Smart Portfolios LLC increased its position in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 23.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,750 shares of the exchange traded fund’s stock after buying an additional 4,353 shares during the quarter. Invesco BuyBack Achievers ETF comprises about 3.0% of Smart Portfolios LLC’s investment portfolio, making the stock its 4th biggest position. Smart Portfolios LLC owned 0.19% of Invesco BuyBack Achievers ETF worth $3,056,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elevation Capital Advisory LLC increased its stake in Invesco BuyBack Achievers ETF by 337.5% during the third quarter. Elevation Capital Advisory LLC now owns 61,388 shares of the exchange traded fund’s stock worth $8,133,000 after acquiring an additional 47,355 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Invesco BuyBack Achievers ETF by 5.6% during the 3rd quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock worth $109,269,000 after purchasing an additional 43,912 shares during the period. Win Advisors Inc. acquired a new stake in Invesco BuyBack Achievers ETF during the 3rd quarter worth approximately $4,572,000. Two Sigma Investments LP acquired a new stake in Invesco BuyBack Achievers ETF during the 3rd quarter worth approximately $4,372,000. Finally, BNP Paribas Financial Markets purchased a new position in Invesco BuyBack Achievers ETF in the second quarter valued at approximately $3,721,000.

Invesco BuyBack Achievers ETF Stock Down 0.2%

Shares of PKW stock opened at $136.88 on Thursday. Invesco BuyBack Achievers ETF has a fifty-two week low of $107.70 and a fifty-two week high of $141.39. The firm’s 50 day moving average price is $135.02 and its two-hundred day moving average price is $134.36. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 15.13 and a beta of 0.98.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently announced 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. The ex-dividend date was Monday, March 23rd. This represents a $0.87 annualized dividend and a dividend yield of 0.6%.

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.