B. Riley Wealth Advisors Inc. Takes $7.79 Million Position in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

B. Riley Wealth Advisors Inc. bought a new position in Invesco BuyBack Achievers ETF (NASDAQ:PKW) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 71,926 shares of the exchange traded fund’s stock, valued at approximately $7,785,000. B. Riley Wealth Advisors Inc. owned 0.68% of Invesco BuyBack Achievers ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. purchased a new position in shares of Invesco BuyBack Achievers ETF in the 1st quarter worth $29,000. Russell Investments Group Ltd. acquired a new position in shares of Invesco BuyBack Achievers ETF in the 1st quarter valued at about $32,000. CENTRAL TRUST Co purchased a new stake in shares of Invesco BuyBack Achievers ETF during the 4th quarter worth about $51,000. Advisory Services Network LLC acquired a new stake in Invesco BuyBack Achievers ETF during the 4th quarter worth approximately $169,000. Finally, Lodestar Private Asset Management LLC purchased a new position in Invesco BuyBack Achievers ETF in the first quarter valued at approximately $207,000.

Invesco BuyBack Achievers ETF Stock Performance

Shares of PKW stock traded up $0.17 during trading hours on Wednesday, reaching $109.93. The company had a trading volume of 10,022 shares, compared to its average volume of 18,733. The company has a market capitalization of $1.16 billion, a P/E ratio of 12.93 and a beta of 1.09. Invesco BuyBack Achievers ETF has a twelve month low of $84.19 and a twelve month high of $110.84. The stock’s fifty day simple moving average is $104.52 and its 200 day simple moving average is $103.55.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were paid a dividend of $0.2245 per share. This represents a $0.90 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Monday, June 24th.

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.