Stegent Equity Advisors Inc. Invests $1.89 Million in Invesco BuyBack Achievers ETF $PKW

Stegent Equity Advisors Inc. bought a new position in Invesco BuyBack Achievers ETF (NASDAQ:PKW) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 14,045 shares of the exchange traded fund’s stock, valued at approximately $1,886,000. Invesco BuyBack Achievers ETF makes up 1.5% of Stegent Equity Advisors Inc.’s investment portfolio, making the stock its 20th largest holding. Stegent Equity Advisors Inc. owned approximately 0.12% of Invesco BuyBack Achievers ETF at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Breakwater Capital Group increased its stake in Invesco BuyBack Achievers ETF by 1.6% during the 4th quarter. Breakwater Capital Group now owns 20,500 shares of the exchange traded fund’s stock valued at $2,754,000 after purchasing an additional 328 shares in the last quarter. Tactive Advisors LLC acquired a new position in Invesco BuyBack Achievers ETF during the fourth quarter worth $222,000. NorthCrest Asset Manangement LLC lifted its stake in shares of Invesco BuyBack Achievers ETF by 6.3% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 14,326 shares of the exchange traded fund’s stock valued at $1,974,000 after buying an additional 844 shares in the last quarter. Chesapeake Asset Management LLC acquired a new position in shares of Invesco BuyBack Achievers ETF during the fourth quarter valued at about $34,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Invesco BuyBack Achievers ETF by 1.5% during the third quarter. JPMorgan Chase & Co. now owns 32,762 shares of the exchange traded fund’s stock valued at $4,340,000 after buying an additional 473 shares during the last quarter.

Invesco BuyBack Achievers ETF Price Performance

NASDAQ:PKW opened at $128.86 on Monday. Invesco BuyBack Achievers ETF has a one year low of $96.10 and a one year high of $140.10. The company has a market cap of $2.00 billion, a PE ratio of 15.13 and a beta of 1.05. The firm has a 50-day moving average of $135.62 and a 200-day moving average of $133.73.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.2167 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.87 dividend on an annualized basis and a yield of 0.7%.

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.