Triton Wealth Management PLLC Raises Stock Position in Invesco BuyBack Achievers ETF $PKW

Triton Wealth Management PLLC lifted its position in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 565.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 70,934 shares of the exchange traded fund’s stock after purchasing an additional 60,275 shares during the period. Invesco BuyBack Achievers ETF comprises approximately 3.6% of Triton Wealth Management PLLC’s portfolio, making the stock its 7th biggest holding. Triton Wealth Management PLLC owned about 0.46% of Invesco BuyBack Achievers ETF worth $9,585,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Chesapeake Asset Management LLC bought a new position in shares of Invesco BuyBack Achievers ETF in the fourth quarter worth approximately $34,000. Cardiff Park Advisors LLC bought a new position in shares of Invesco BuyBack Achievers ETF in the third quarter worth approximately $79,000. International Assets Investment Management LLC bought a new position in shares of Invesco BuyBack Achievers ETF in the fourth quarter worth approximately $87,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Invesco BuyBack Achievers ETF in the fourth quarter worth approximately $107,000. Finally, Private Trust Co. NA grew its holdings in shares of Invesco BuyBack Achievers ETF by 143.1% in the fourth quarter. Private Trust Co. NA now owns 851 shares of the exchange traded fund’s stock worth $114,000 after purchasing an additional 501 shares during the last quarter.

Invesco BuyBack Achievers ETF Stock Performance

Shares of Invesco BuyBack Achievers ETF stock opened at $135.20 on Friday. Invesco BuyBack Achievers ETF has a 52-week low of $115.56 and a 52-week high of $141.39. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 15.13 and a beta of 0.95. The company’s 50 day moving average price is $134.77 and its 200-day moving average price is $134.71.

Invesco BuyBack Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.2167 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.87 annualized dividend and a dividend yield of 0.6%.

Invesco BuyBack Achievers ETF 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.