Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sets New 12-Month High – Still a Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKW)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $142.46 and last traded at $141.66, with a volume of 29846 shares traded. The stock had previously closed at $142.25.

Invesco BuyBack Achievers ETF Trading Down 0.4%

The firm has a market capitalization of $1.68 billion, a P/E ratio of 15.13 and a beta of 0.93. The stock has a 50 day simple moving average of $137.84 and a 200-day simple moving average of $136.43.

Invesco BuyBack Achievers ETF Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Triton Wealth Management PLLC grew its position in shares of Invesco BuyBack Achievers ETF by 565.5% during the 4th quarter. Triton Wealth Management PLLC now owns 70,934 shares of the exchange traded fund’s stock valued at $9,585,000 after acquiring an additional 60,275 shares during the period. Bank of America Corp DE raised its holdings in Invesco BuyBack Achievers ETF by 5.6% in the 3rd quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock worth $109,269,000 after purchasing an additional 43,912 shares during the period. LPL Financial LLC raised its holdings in Invesco BuyBack Achievers ETF by 9.5% in the 4th quarter. LPL Financial LLC now owns 463,308 shares of the exchange traded fund’s stock worth $62,232,000 after purchasing an additional 40,121 shares during the period. Wells Fargo & Company MN lifted its position in Invesco BuyBack Achievers ETF by 11.2% during the fourth quarter. Wells Fargo & Company MN now owns 372,416 shares of the exchange traded fund’s stock valued at $50,023,000 after purchasing an additional 37,513 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in Invesco BuyBack Achievers ETF during the third quarter valued at $4,372,000.

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.