Legacy Capital Wealth Partners LLC Has $7.89 Million Stake in Invesco BuyBack Achievers ETF $PKW

Legacy Capital Wealth Partners LLC decreased its position in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,755 shares of the exchange traded fund’s stock after selling 5,797 shares during the period. Invesco BuyBack Achievers ETF makes up approximately 1.6% of Legacy Capital Wealth Partners LLC’s investment portfolio, making the stock its 9th biggest position. Legacy Capital Wealth Partners LLC owned 0.51% of Invesco BuyBack Achievers ETF worth $7,892,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PKW. Bank of America Corp DE boosted its stake in Invesco BuyBack Achievers ETF by 5.6% during the third quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock valued at $109,269,000 after buying an additional 43,912 shares during the last quarter. UBS Group AG grew its holdings in Invesco BuyBack Achievers ETF by 11.4% during the 3rd quarter. UBS Group AG now owns 137,398 shares of the exchange traded fund’s stock valued at $18,202,000 after buying an additional 14,043 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in Invesco BuyBack Achievers ETF by 11.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 68,595 shares of the exchange traded fund’s stock worth $9,087,000 after acquiring an additional 7,235 shares during the last quarter. Sovran Advisors LLC increased its stake in Invesco BuyBack Achievers ETF by 39.0% in the 3rd quarter. Sovran Advisors LLC now owns 64,018 shares of the exchange traded fund’s stock worth $8,247,000 after acquiring an additional 17,972 shares during the last quarter. Finally, Elevation Capital Advisory LLC raised its holdings in shares of Invesco BuyBack Achievers ETF by 337.5% during the 3rd quarter. Elevation Capital Advisory LLC now owns 61,388 shares of the exchange traded fund’s stock worth $8,133,000 after acquiring an additional 47,355 shares in the last quarter.

Invesco BuyBack Achievers ETF Stock Performance

PKW stock opened at $132.07 on Thursday. The firm has a fifty day moving average price of $135.28 and a 200 day moving average price of $133.68. Invesco BuyBack Achievers ETF has a fifty-two week low of $96.10 and a fifty-two week high of $140.10. The firm has a market cap of $2.05 billion, a PE ratio of 15.13 and a beta of 1.05.

Invesco BuyBack Achievers ETF Cuts Dividend

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

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.