Cornerstone Wealth Management LLC Buys 1,622 Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Cornerstone Wealth Management LLC boosted its stake in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 17.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,024 shares of the exchange traded fund’s stock after purchasing an additional 1,622 shares during the period. Cornerstone Wealth Management LLC owned about 0.10% of Invesco BuyBack Achievers ETF worth $1,145,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PKW. Hazlett Burt & Watson Inc. purchased a new position in shares of Invesco BuyBack Achievers ETF in the first quarter worth approximately $29,000. Russell Investments Group Ltd. bought a new stake in shares of Invesco BuyBack Achievers ETF during the 1st quarter valued at $32,000. Advisory Services Network LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF in the 4th quarter worth $169,000. Tidemark LLC purchased a new position in shares of Invesco BuyBack Achievers ETF in the fourth quarter worth $192,000. Finally, Coppell Advisory Solutions Corp. bought a new position in shares of Invesco BuyBack Achievers ETF during the first quarter worth $203,000.

Invesco BuyBack Achievers ETF Stock Performance

Shares of PKW traded up $1.24 during mid-day trading on Thursday, hitting $107.98. 8,089 shares of the stock were exchanged, compared to its average volume of 18,594. The company has a market cap of $1.13 billion, a PE ratio of 12.93 and a beta of 1.09. Invesco BuyBack Achievers ETF has a 52-week low of $84.19 and a 52-week high of $110.84. The firm has a 50-day moving average of $105.05 and a two-hundred day moving average of $104.08.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a dividend of $0.2245 per share. The ex-dividend date was Monday, June 24th. This represents a $0.90 dividend on an annualized basis and a yield of 0.83%.

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.