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

Invesco BuyBack Achievers ETF (NASDAQ:PKW)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $125.27 and last traded at $125.27, with a volume of 2195 shares changing hands. The stock had previously closed at $124.62.

Invesco BuyBack Achievers ETF Price Performance

The firm has a 50-day simple moving average of $117.41 and a 200 day simple moving average of $110.13. The company has a market capitalization of $1.33 billion, a PE ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.23 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This is a positive change from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 0.73%.

Institutional Trading of Invesco BuyBack Achievers ETF

Several large investors have recently modified their holdings of the business. Larson Financial Group LLC acquired a new position in Invesco BuyBack Achievers ETF in the second quarter worth about $31,000. Russell Investments Group Ltd. bought a new stake in shares of Invesco BuyBack Achievers ETF during the first quarter valued at approximately $32,000. Mendota Financial Group LLC bought a new stake in shares of Invesco BuyBack Achievers ETF during the third quarter valued at approximately $59,000. Valley Wealth Managers Inc. bought a new stake in Invesco BuyBack Achievers ETF during the third quarter worth approximately $90,000. Finally, Dunhill Financial LLC bought a new stake in Invesco BuyBack Achievers ETF during the third quarter worth approximately $115,000.

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.