Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Sees Large Volume Increase – What’s Next?

Shares of Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) saw unusually-strong trading volume on Friday . Approximately 369,977 shares were traded during trading, an increase of 533% from the previous session’s volume of 58,429 shares.The stock last traded at $61.77 and had previously closed at $61.25.

Invesco International BuyBack Achievers ETF Trading Up 1.0%

The company has a market capitalization of $562.84 million, a price-to-earnings ratio of 10.59 and a beta of 0.63. The stock’s 50 day moving average price is $58.30 and its 200 day moving average price is $58.03.

Invesco International BuyBack Achievers ETF Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Invesco International BuyBack Achievers ETF in the 4th quarter valued at approximately $26,000. Allworth Financial LP acquired a new position in Invesco International BuyBack Achievers ETF during the third quarter worth $28,000. Fifth Third Bancorp acquired a new position in Invesco International BuyBack Achievers ETF during the first quarter worth $35,000. Kestra Advisory Services LLC bought a new stake in Invesco International BuyBack Achievers ETF during the fourth quarter worth $71,000. Finally, Wells Fargo & Company MN bought a new stake in Invesco International BuyBack Achievers ETF during the fourth quarter worth $80,000.

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.