Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Hits New 12-Month High – What’s Next?

Shares of Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) hit a new 52-week high on Tuesday . The stock traded as high as $58.47 and last traded at $58.2850, with a volume of 11373 shares. The stock had previously closed at $57.43.

Invesco International BuyBack Achievers ETF Stock Performance

The business’s 50 day moving average price is $55.22 and its 200-day moving average price is $53.02. The firm has a market cap of $501.37 million, a price-to-earnings ratio of 10.59 and a beta of 0.73.

Invesco International BuyBack Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.7373 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $2.95 dividend on an annualized basis and a yield of 5.1%. This is a positive change from Invesco International BuyBack Achievers ETF’s previous quarterly dividend of $0.29.

Institutional Trading of Invesco International BuyBack Achievers ETF

Several hedge funds have recently added to or reduced their stakes in the business. Trust Co. of Vermont bought a new position in shares of Invesco International BuyBack Achievers ETF in the fourth quarter worth about $28,000. Allworth Financial LP bought a new position in shares of Invesco International BuyBack Achievers ETF in the third quarter worth $28,000. Ameritas Advisory Services LLC bought a new position in Invesco International BuyBack Achievers ETF in the 2nd quarter worth about $73,000. Triumph Capital Management bought a new position in shares of Invesco International BuyBack Achievers ETF during the third quarter valued at about $80,000. Finally, Root Financial Partners LLC bought a new position in Invesco International BuyBack Achievers ETF during the 3rd quarter valued at approximately $102,000.

About Invesco International BuyBack Achievers ETF

The Invesco International BuyBack Achievers ETF (IPKW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a modified market-cap-weighted index of global ex-US companies that have reduced their outstanding shares by at least 5% in the past year. IPKW was launched on Mar 6, 2014 and is managed by Invesco.