Invesco BuyBack Achievers ETF (NASDAQ:PKW) is Smart Portfolios LLC’s 8th Largest Position

Smart Portfolios LLC cut its stake in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 11.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,428 shares of the exchange traded fund’s stock after selling 2,619 shares during the period. Invesco BuyBack Achievers ETF comprises about 2.3% of Smart Portfolios LLC’s investment portfolio, making the stock its 8th biggest position. Smart Portfolios LLC’s holdings in Invesco BuyBack Achievers ETF were worth $2,225,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of PKW. Pacific Wealth Strategies Group Inc. boosted its position in shares of Invesco BuyBack Achievers ETF by 8.6% in the third 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 period. Legacy Capital Wealth Partners LLC bought a new position in Invesco BuyBack Achievers ETF in the 2nd quarter worth $8,184,000. Raymond James & Associates increased its stake in Invesco BuyBack Achievers ETF by 37.6% in the 2nd quarter. Raymond James & Associates now owns 78,539 shares of the exchange traded fund’s stock worth $8,160,000 after buying an additional 21,481 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Invesco BuyBack Achievers ETF during the first quarter valued at about $7,785,000. Finally, Koshinski Asset Management Inc. raised its holdings in Invesco BuyBack Achievers ETF by 10.4% during the third quarter. Koshinski Asset Management Inc. now owns 59,934 shares of the exchange traded fund’s stock valued at $6,864,000 after acquiring an additional 5,646 shares during the period.

Invesco BuyBack Achievers ETF Price Performance

Shares of NASDAQ PKW traded up $3.14 during mid-day trading on Wednesday, reaching $118.78. The company’s stock had a trading volume of 8,246 shares, compared to its average volume of 17,507. Invesco BuyBack Achievers ETF has a 52 week low of $87.54 and a 52 week high of $119.27. The stock has a fifty day moving average of $113.43 and a two-hundred day moving average of $108.00. The firm has a market capitalization of $1.26 billion, a PE ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.77%. This is an increase from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22. 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.