Elevation Capital Advisory LLC Raises Stock Position in Invesco BuyBack Achievers ETF $PKW

Elevation Capital Advisory LLC raised its holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 337.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,388 shares of the exchange traded fund’s stock after purchasing an additional 47,355 shares during the quarter. Invesco BuyBack Achievers ETF accounts for approximately 3.2% of Elevation Capital Advisory LLC’s investment portfolio, making the stock its 11th biggest holding. Elevation Capital Advisory LLC owned 0.54% of Invesco BuyBack Achievers ETF worth $8,133,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Costello Asset Management INC raised its stake in shares of Invesco BuyBack Achievers ETF by 77.0% during the 2nd quarter. Costello Asset Management INC now owns 216 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 94 shares during the last quarter. Assetmark Inc. raised its position in Invesco BuyBack Achievers ETF by 72.4% during the second quarter. Assetmark Inc. now owns 488 shares of the exchange traded fund’s stock valued at $60,000 after acquiring an additional 205 shares in the last quarter. CX Institutional acquired a new position in Invesco BuyBack Achievers ETF in the third quarter valued at approximately $71,000. Ameritas Advisory Services LLC acquired a new position in Invesco BuyBack Achievers ETF in the second quarter valued at approximately $115,000. Finally, Nova Wealth Management Inc. boosted its position in Invesco BuyBack Achievers ETF by 2,519.4% in the 3rd quarter. Nova Wealth Management Inc. now owns 943 shares of the exchange traded fund’s stock worth $125,000 after purchasing an additional 907 shares in the last quarter.

Invesco BuyBack Achievers ETF Price Performance

Shares of NASDAQ PKW opened at $137.31 on Friday. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 15.13 and a beta of 1.05. The firm’s 50 day simple moving average is $134.23 and its 200-day simple moving average is $131.16. Invesco BuyBack Achievers ETF has a 12 month low of $96.10 and a 12 month high of $138.50.

Invesco BuyBack Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.2739 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.10 dividend on an annualized basis and a yield of 0.8%.

About Invesco BuyBack Achievers ETF

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.