Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Large Volume Increase – Should You Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKW) shares saw an uptick in trading volume on Tuesday . 45,663 shares were traded during trading, an increase of 140% from the previous session’s volume of 19,004 shares.The stock last traded at $113.33 and had previously closed at $112.67.

Invesco BuyBack Achievers ETF Stock Down 0.0 %

The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 14.74 and a beta of 1.09. The business’s 50-day simple moving average is $116.58 and its two-hundred day simple moving average is $117.10.

Invesco BuyBack Achievers ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.3078 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco BuyBack Achievers ETF’s previous dividend of $0.22.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Several large investors have recently bought and sold shares of PKW. Jane Street Group LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF in the third quarter valued at about $432,000. Jones Financial Companies Lllp grew its stake in shares of Invesco BuyBack Achievers ETF by 76.2% in the 4th quarter. Jones Financial Companies Lllp now owns 8,681 shares of the exchange traded fund’s stock valued at $999,000 after buying an additional 3,754 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Invesco BuyBack Achievers ETF by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 31,781 shares of the exchange traded fund’s stock worth $3,640,000 after buying an additional 582 shares during the last quarter. FMR LLC raised its position in shares of Invesco BuyBack Achievers ETF by 2.3% during the 3rd quarter. FMR LLC now owns 40,287 shares of the exchange traded fund’s stock valued at $4,614,000 after buying an additional 903 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in Invesco BuyBack Achievers ETF by 14.3% in the third quarter. D.A. Davidson & CO. now owns 4,426 shares of the exchange traded fund’s stock valued at $507,000 after acquiring an additional 555 shares during the last quarter.

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.