Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sets New 1-Year High – Time to Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKW)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $140.10 and last traded at $138.98, with a volume of 19717 shares trading hands. The stock had previously closed at $139.38.

Invesco BuyBack Achievers ETF Stock Performance

The stock has a fifty day simple moving average of $136.25 and a two-hundred day simple moving average of $132.30. The stock has a market cap of $2.16 billion, a PE ratio of 15.13 and a beta of 1.05.

Invesco BuyBack Achievers ETF Cuts Dividend

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

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PKW. Bank of America Corp DE lifted 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 buying an additional 43,912 shares in the last quarter. LPL Financial LLC grew its stake in shares of Invesco BuyBack Achievers ETF by 9.5% during the fourth quarter. LPL Financial LLC now owns 463,308 shares of the exchange traded fund’s stock valued at $62,232,000 after acquiring an additional 40,121 shares in the last quarter. UBS Group AG increased its position in shares of Invesco BuyBack Achievers ETF by 11.4% during the third quarter. UBS Group AG now owns 137,398 shares of the exchange traded fund’s stock worth $18,202,000 after acquiring an additional 14,043 shares during the last quarter. Curtis Advisory Group LLC lifted its stake in shares of Invesco BuyBack Achievers ETF by 4.8% in the fourth quarter. Curtis Advisory Group LLC now owns 81,820 shares of the exchange traded fund’s stock worth $10,990,000 after acquiring an additional 3,760 shares in the last quarter. Finally, Triton Wealth Management PLLC lifted its stake in shares of Invesco BuyBack Achievers ETF by 565.5% in the fourth quarter. Triton Wealth Management PLLC now owns 70,934 shares of the exchange traded fund’s stock worth $9,585,000 after acquiring an additional 60,275 shares in the last quarter.

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.