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

Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) reached a new 52-week high on Friday . The company traded as high as $125.27 and last traded at $125.27, with a volume of 2195 shares traded. The stock had previously closed at $124.62.

Invesco BuyBack Achievers ETF Trading Up 0.5 %

The firm’s fifty day simple moving average is $117.65 and its 200 day simple moving average is $110.31. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Monday, September 23rd. This is a positive change from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22.

Institutional Trading of Invesco BuyBack Achievers ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legacy Capital Wealth Partners LLC purchased a new position in shares of Invesco BuyBack Achievers ETF in the 2nd quarter valued at $8,184,000. Raymond James & Associates grew its holdings in shares of Invesco BuyBack Achievers ETF by 37.6% during the second quarter. Raymond James & Associates now owns 78,539 shares of the exchange traded fund’s stock worth $8,160,000 after purchasing an additional 21,481 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Invesco BuyBack Achievers ETF by 205.6% during the first quarter. Cetera Investment Advisers now owns 27,110 shares of the exchange traded fund’s stock worth $2,934,000 after purchasing an additional 18,240 shares in the last quarter. Pacific Wealth Strategies Group Inc. lifted its holdings in shares of Invesco BuyBack Achievers ETF by 8.6% in the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 114,159 shares of the exchange traded fund’s stock valued at $13,073,000 after purchasing an additional 9,046 shares during the last quarter. Finally, Cetera Advisors LLC boosted its position in shares of Invesco BuyBack Achievers ETF by 136.6% in the 1st quarter. Cetera Advisors LLC now owns 14,477 shares of the exchange traded fund’s stock valued at $1,567,000 after purchasing an additional 8,357 shares during the period.

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.