Cornerstone Wealth Management LLC Acquires 8,236 Shares of Invesco BuyBack Achievers ETF $PKW

Cornerstone Wealth Management LLC boosted its stake in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 65.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,897 shares of the exchange traded fund’s stock after purchasing an additional 8,236 shares during the period. Cornerstone Wealth Management LLC owned about 0.18% of Invesco BuyBack Achievers ETF worth $2,768,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PKW. Costello Asset Management INC grew its position in shares of Invesco BuyBack Achievers ETF by 77.0% in 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 shares of Invesco BuyBack Achievers ETF by 72.4% during the second quarter. Assetmark Inc. now owns 488 shares of the exchange traded fund’s stock worth $60,000 after acquiring an additional 205 shares during the last quarter. CX Institutional acquired a new position in shares of Invesco BuyBack Achievers ETF in the third quarter worth approximately $71,000. Ameritas Advisory Services LLC bought a new stake in Invesco BuyBack Achievers ETF in the second quarter valued at approximately $115,000. Finally, Nova Wealth Management Inc. increased its position in Invesco BuyBack Achievers ETF by 2,519.4% during the 3rd quarter. Nova Wealth Management Inc. now owns 943 shares of the exchange traded fund’s stock valued at $125,000 after purchasing an additional 907 shares during the period.

Invesco BuyBack Achievers ETF Stock Performance

Invesco BuyBack Achievers ETF stock opened at $135.54 on Friday. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 15.13 and a beta of 1.05. Invesco BuyBack Achievers ETF has a 52-week low of $96.10 and a 52-week high of $138.50. The firm has a 50 day moving average price of $135.26 and a two-hundred day moving average price of $131.63.

Invesco BuyBack Achievers ETF Cuts Dividend

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

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.