Invesco BuyBack Achievers ETF (NASDAQ:PKW) Hits New 12-Month High – Here’s What Happened

Posted by ABMN Staff on Oct 6th, 2024

Invesco BuyBack Achievers ETF (NASDAQ:PKW – Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as $114.78 and last traded at $114.78, with a volume of 213 shares traded. The stock had previously closed at $114.19.

Invesco BuyBack Achievers ETF Stock Performance

The stock has a market capitalization of $1.21 billion, a PE ratio of 12.93 and a beta of 1.09. The stock’s 50 day moving average is $109.97 and its two-hundred day moving average is $106.46.

Invesco BuyBack Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Monday, September 23rd. This is an increase from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PKW. Hazlett Burt & Watson Inc. acquired a new position in shares of Invesco BuyBack Achievers ETF during the 1st quarter worth approximately $29,000. Russell Investments Group Ltd. acquired a new position in Invesco BuyBack Achievers ETF during the first quarter worth $32,000. Larson Financial Group LLC purchased a new stake in Invesco BuyBack Achievers ETF in the 2nd quarter valued at $31,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Invesco BuyBack Achievers ETF in the 1st quarter worth $203,000. Finally, Mission Wealth Management LP acquired a new stake in shares of Invesco BuyBack Achievers ETF in the 1st quarter worth $216,000.

Invesco BuyBack Achievers ETF Company Profile

(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.