Invesco BuyBack Achievers ETF (NASDAQ:PKW) Stock Price Down 1.1%

Invesco BuyBack Achievers ETF (NASDAQ:PKW – Get Rating)’s stock price traded down 1.1% during mid-day trading on Wednesday . The stock traded as low as $83.39 and last traded at $83.42. 25,765 shares changed hands during trading, a decline of 76% from the average session volume of 107,873 shares. The stock had previously closed at $84.34.

Invesco BuyBack Achievers ETF Price Performance

The firm has a market capitalization of $933.14 million, a P/E ratio of 9.87 and a beta of 1.09. The firm has a 50-day moving average price of $84.44 and a two-hundred day moving average price of $85.41.

Invesco BuyBack Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Tuesday, March 21st were given a $0.296 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.41%. This is a positive change from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 20th.

Institutional Trading of Invesco BuyBack Achievers ETF

A number of institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC boosted its position in Invesco BuyBack Achievers ETF by 292.3% in the third quarter. Global Retirement Partners LLC now owns 306 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 228 shares during the last quarter. Resurgent Financial Advisors LLC purchased a new stake in Invesco BuyBack Achievers ETF during the fourth quarter worth $28,000. Old North State Trust LLC acquired a new stake in Invesco BuyBack Achievers ETF during the third quarter valued at $34,000. Ameritas Advisory Services LLC acquired a new position in shares of Invesco BuyBack Achievers ETF in the first quarter worth about $47,000. Finally, GPS Wealth Strategies Group LLC acquired a new position in shares of Invesco BuyBack Achievers ETF in the first quarter worth about $50,000.

About Invesco BuyBack Achievers ETF

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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.