Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Strong Trading Volume – Here’s What Happened

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw an uptick in trading volume on Friday. Approximately 147,017 shares were traded during trading, an increase of 396% from the previous session’s volume of 29,624 shares. The stock last traded at $145.6250 and had previously closed at $144.79.

Invesco BuyBack Achievers ETF Price Performance

The company’s 50-day moving average is $149.30 and its 200-day moving average is $141.32. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 15.13 and a beta of 0.92.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 21st will be paid a dividend of $0.2183 per share. This is a decrease from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.2575. This represents a $0.87 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, September 21st.

Institutional Trading of Invesco BuyBack Achievers ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. United Community Bank purchased a new stake in shares of Invesco BuyBack Achievers ETF during the second quarter valued at approximately $70,000. Envestnet Asset Management Inc. lifted its position in shares of Invesco BuyBack Achievers ETF by 173.4% during the second quarter. Envestnet Asset Management Inc. now owns 192,831 shares of the exchange traded fund’s stock worth $27,316,000 after purchasing an additional 122,311 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in Invesco BuyBack Achievers ETF by 16,177.2% in the second quarter. TD Waterhouse Canada Inc. now owns 40,693 shares of the exchange traded fund’s stock valued at $5,765,000 after buying an additional 40,443 shares during the last quarter. Total Clarity Wealth Management Inc. lifted its holdings in Invesco BuyBack Achievers ETF by 1,179.7% during the 1st quarter. Total Clarity Wealth Management Inc. now owns 29,573 shares of the exchange traded fund’s stock worth $3,881,000 after buying an additional 27,262 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in shares of Invesco BuyBack Achievers ETF by 692.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 25,950 shares of the exchange traded fund’s stock worth $3,676,000 after acquiring an additional 22,674 shares in 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.