Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Large Volume Increase

Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw unusually-high trading volume on Tuesday . Approximately 21,468 shares were traded during mid-day trading, an increase of 12% from the previous session’s volume of 19,185 shares.The stock last traded at $102.55 and had previously closed at $102.78.

Invesco BuyBack Achievers ETF Stock Up 0.7 %

The stock has a 50-day moving average of $103.83 and a 200 day moving average of $102.72. The company has a market capitalization of $1.08 billion, a PE ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a $0.2245 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Monday, June 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. raised its stake in shares of Invesco BuyBack Achievers ETF by 1,150.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 71,926 shares of the exchange traded fund’s stock valued at $6,471,000 after buying an additional 66,176 shares during the period. Citigroup Inc. lifted its stake in shares of Invesco BuyBack Achievers ETF by 54.5% during the 3rd quarter. Citigroup Inc. now owns 3,577 shares of the exchange traded fund’s stock valued at $322,000 after buying an additional 1,262 shares in the last quarter. DB Wealth Management Group LLC boosted its holdings in Invesco BuyBack Achievers ETF by 17.1% in the 4th quarter. DB Wealth Management Group LLC now owns 5,666 shares of the exchange traded fund’s stock worth $561,000 after buying an additional 829 shares during the period. Fortitude Family Office LLC bought a new stake in Invesco BuyBack Achievers ETF during the 4th quarter valued at $88,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Invesco BuyBack Achievers ETF by 1.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 177,977 shares of the exchange traded fund’s stock worth $17,623,000 after acquiring an additional 2,623 shares during the period.

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.