Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Reaches New 52-Week High – Should You Buy?

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $61.96 and last traded at $61.9550, with a volume of 7749 shares trading hands. The stock had previously closed at $61.11.

Invesco International BuyBack Achievers ETF Price Performance

The company’s 50 day moving average is $59.80 and its 200 day moving average is $58.42. The stock has a market cap of $564.38 million, a price-to-earnings ratio of 10.59 and a beta of 0.63.

Invesco International BuyBack Achievers ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.4504 per share. This represents a $1.80 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, June 22nd.

Institutional Investors Weigh In On Invesco International BuyBack Achievers ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fortis Group Advisors LLC boosted its stake in shares of Invesco International BuyBack Achievers ETF by 0.9% during the 4th quarter. Fortis Group Advisors LLC now owns 19,606 shares of the company’s stock worth $1,145,000 after acquiring an additional 171 shares in the last quarter. Insight Wealth Strategies LLC raised its holdings in Invesco International BuyBack Achievers ETF by 3.4% during the second quarter. Insight Wealth Strategies LLC now owns 6,452 shares of the company’s stock worth $364,000 after purchasing an additional 215 shares during the last quarter. Total Clarity Wealth Management Inc. raised its holdings in Invesco International BuyBack Achievers ETF by 4.4% during the first quarter. Total Clarity Wealth Management Inc. now owns 8,008 shares of the company’s stock worth $451,000 after purchasing an additional 339 shares during the last quarter. Mutual Advisors LLC boosted its position in Invesco International BuyBack Achievers ETF by 8.1% during the fourth quarter. Mutual Advisors LLC now owns 4,869 shares of the company’s stock worth $271,000 after purchasing an additional 366 shares in the last quarter. Finally, Sarver Vrooman Wealth Advisors purchased a new stake in Invesco International BuyBack Achievers ETF during the fourth quarter worth $26,000.

Invesco International BuyBack Achievers ETF Company Profile

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.