Invesco BuyBack Achievers ETF (NASDAQ:PKW) Reaches New 12-Month High – Should You Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKWGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $144.84 and last traded at $144.84, with a volume of 2023 shares traded. The stock had previously closed at $143.54.

Invesco BuyBack Achievers ETF Trading Up 0.9%

The stock has a market capitalization of $1.70 billion, a P/E ratio of 15.13 and a beta of 0.92. The stock’s 50 day simple moving average is $138.86 and its 200 day simple moving average is $137.00.

Invesco BuyBack Achievers ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.2575 dividend. This represents a $1.03 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, June 22nd.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Institutional investors have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC acquired a new position in Invesco BuyBack Achievers ETF in the fourth quarter worth $28,000. Chesapeake Asset Management LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF during the fourth quarter worth $34,000. Axiom Investment Management LLC bought a new position in shares of Invesco BuyBack Achievers ETF in the 1st quarter worth about $52,000. Cardiff Park Advisors LLC bought a new position in shares of Invesco BuyBack Achievers ETF in the 1st quarter worth about $79,000. Finally, Main Street Group LTD acquired a new position in shares of Invesco BuyBack Achievers ETF in the 1st quarter valued at about $79,000.

About Invesco BuyBack Achievers ETF

(Get Free Report)

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.

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