Invesco BuyBack Achievers ETF (NASDAQ:PKW) Hits New 12-Month High – What’s Next?

Invesco BuyBack Achievers ETF (NASDAQ:PKW) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $143.90 and last traded at $143.87, with a volume of 22396 shares changing hands. The stock had previously closed at $143.03.

Invesco BuyBack Achievers ETF Price Performance

The firm’s 50-day moving average price is $138.13 and its 200-day moving average price is $136.63. The stock has a market cap of $1.69 billion, a P/E ratio of 15.13 and a beta of 0.92.

Invesco BuyBack Achievers ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco BuyBack Achievers ETF

Several hedge funds have recently bought and sold shares of the stock. Garton & Associates Financial Advisors LLC bought a new position in shares of Invesco BuyBack Achievers ETF during the 4th quarter valued at about $28,000. Chesapeake Asset Management LLC bought a new stake in shares of Invesco BuyBack Achievers ETF in the fourth quarter worth about $34,000. Axiom Investment Management LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF in the first quarter worth about $52,000. Main Street Group LTD purchased a new stake in shares of Invesco BuyBack Achievers ETF in the first quarter worth about $79,000. Finally, Cardiff Park Advisors LLC bought a new position in Invesco BuyBack Achievers ETF during the first quarter valued at approximately $79,000.

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.