MAI Capital Management Has $640,000 Stock Holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

MAI Capital Management decreased its stake in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 4.5% in the third quarter, HoldingsChannel reports. The firm owned 5,590 shares of the exchange traded fund’s stock after selling 263 shares during the period. MAI Capital Management’s holdings in Invesco BuyBack Achievers ETF were worth $640,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Legacy Capital Wealth Partners LLC acquired a new stake in Invesco BuyBack Achievers ETF during the 2nd quarter valued at $8,184,000. B. Riley Wealth Advisors Inc. acquired a new position in Invesco BuyBack Achievers ETF during the first quarter valued at $7,785,000. Raymond James & Associates lifted 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 acquiring an additional 21,481 shares in the last quarter. Cetera Investment Advisers boosted its position in Invesco BuyBack Achievers ETF by 205.6% during the 1st quarter. Cetera Investment Advisers now owns 27,110 shares of the exchange traded fund’s stock worth $2,934,000 after acquiring an additional 18,240 shares during the period. Finally, Waverly Advisors LLC purchased a new position in Invesco BuyBack Achievers ETF during the 1st quarter valued at about $1,535,000.

Invesco BuyBack Achievers ETF Price Performance

NASDAQ PKW opened at $123.75 on Friday. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09. The company has a 50 day simple moving average of $116.13 and a 200-day simple moving average of $109.43. Invesco BuyBack Achievers ETF has a 52-week low of $91.24 and a 52-week high of $123.86.

Invesco BuyBack Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.23 dividend. This is an increase from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.92 dividend on an annualized basis and a yield of 0.74%.

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.