Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Unusually-High Trading Volume After Dividend Announcement

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw strong trading volume on Tuesday following a dividend announcement from the company. 35,636 shares were traded during mid-day trading, an increase of 90% from the previous session’s volume of 18,792 shares.The stock last traded at $115.52 and had previously closed at $115.38.

The newly announced dividend which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.3078 per share. This is an increase from Invesco BuyBack Achievers ETF’s previous dividend of $0.22. The ex-dividend date of this dividend is Monday, March 24th.

Invesco BuyBack Achievers ETF Stock Up 0.1 %

The stock has a fifty day moving average of $116.97 and a two-hundred day moving average of $116.96. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 14.74 and a beta of 1.09.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Large investors have recently modified their holdings of the company. D.A. Davidson & CO. increased its position in Invesco BuyBack Achievers ETF by 14.3% during the 3rd quarter. D.A. Davidson & CO. now owns 4,426 shares of the exchange traded fund’s stock worth $507,000 after purchasing an additional 555 shares in the last quarter. FMR LLC grew its stake in Invesco BuyBack Achievers ETF by 2.3% during the third quarter. FMR LLC now owns 40,287 shares of the exchange traded fund’s stock worth $4,614,000 after buying an additional 903 shares during the period. Kovitz Investment Group Partners LLC increased its position in shares of Invesco BuyBack Achievers ETF by 1.0% in the third quarter. Kovitz Investment Group Partners LLC now owns 14,209 shares of the exchange traded fund’s stock worth $1,596,000 after acquiring an additional 136 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Invesco BuyBack Achievers ETF in the 3rd quarter valued at $432,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Invesco BuyBack Achievers ETF during the 3rd quarter valued at $687,000.

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.