NorthCrest Asset Manangement LLC Takes Position in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

NorthCrest Asset Manangement LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,976 shares of the exchange traded fund’s stock, valued at approximately $1,462,000. NorthCrest Asset Manangement LLC owned about 0.12% of Invesco BuyBack Achievers ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in shares of Invesco BuyBack Achievers ETF by 1,113.4% during the first quarter. Farther Finance Advisors LLC now owns 6,540 shares of the exchange traded fund’s stock valued at $740,000 after buying an additional 6,001 shares during the period. Breakwater Capital Group increased its position in shares of Invesco BuyBack Achievers ETF by 5.4% during the first quarter. Breakwater Capital Group now owns 17,844 shares of the exchange traded fund’s stock valued at $2,010,000 after buying an additional 916 shares during the period. Key Client Fiduciary Advisors LLC increased its position in shares of Invesco BuyBack Achievers ETF by 8.4% during the first quarter. Key Client Fiduciary Advisors LLC now owns 1,915 shares of the exchange traded fund’s stock valued at $216,000 after buying an additional 149 shares during the period. Merit Financial Group LLC increased its position in shares of Invesco BuyBack Achievers ETF by 5.8% during the first quarter. Merit Financial Group LLC now owns 5,294 shares of the exchange traded fund’s stock valued at $596,000 after buying an additional 290 shares during the period. Finally, NBC Securities Inc. increased its position in shares of Invesco BuyBack Achievers ETF by 108,450.0% during the first quarter. NBC Securities Inc. now owns 2,171 shares of the exchange traded fund’s stock valued at $244,000 after buying an additional 2,169 shares during the period.

Invesco BuyBack Achievers ETF Stock Performance

Shares of PKW opened at $118.79 on Friday. The stock has a market cap of $1.25 billion, a PE ratio of 15.62 and a beta of 1.09. Invesco BuyBack Achievers ETF has a fifty-two week low of $96.10 and a fifty-two week high of $125.31. The firm’s 50-day simple moving average is $113.30 and its two-hundred day simple moving average is $115.44.

Invesco BuyBack Achievers ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a $0.3078 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Invesco BuyBack Achievers ETF’s previous dividend of $0.22.

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.