MML Investors Services LLC Raises Stock Position in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

MML Investors Services LLC lifted its position in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 5.4% during the third quarter, Holdings Channel reports. The institutional investor owned 10,150 shares of the exchange traded fund’s stock after buying an additional 524 shares during the quarter. MML Investors Services LLC’s holdings in Invesco BuyBack Achievers ETF were worth $1,162,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PKW. Legacy Capital Wealth Partners LLC purchased a new stake in Invesco BuyBack Achievers ETF during the 2nd quarter worth approximately $8,184,000. Raymond James & Associates grew its position in Invesco BuyBack Achievers ETF by 37.6% during the 2nd 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. Pacific Wealth Strategies Group Inc. grew its position in Invesco BuyBack Achievers ETF by 8.6% during the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 114,159 shares of the exchange traded fund’s stock worth $13,073,000 after purchasing an additional 9,046 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in Invesco BuyBack Achievers ETF by 50.8% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 19,706 shares of the exchange traded fund’s stock worth $2,047,000 after purchasing an additional 6,636 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in Invesco BuyBack Achievers ETF during the 3rd quarter worth approximately $687,000.

Invesco BuyBack Achievers ETF Trading Down 2.8 %

NASDAQ:PKW opened at $114.67 on Thursday. The company’s 50 day moving average is $119.45 and its two-hundred day moving average is $111.84. The company has a market cap of $1.22 billion, a PE ratio of 12.93 and a beta of 1.09. Invesco BuyBack Achievers ETF has a twelve month low of $96.67 and a twelve month high of $125.31.

Invesco BuyBack Achievers ETF Increases Dividend

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

Invesco BuyBack Achievers ETF 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.