Park Edge Advisors LLC Takes $2.20 Million Position in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Park Edge Advisors LLC bought a new stake in Invesco BuyBack Achievers ETF (NASDAQ:PKW) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,362 shares of the exchange traded fund’s stock, valued at approximately $2,204,000. Invesco BuyBack Achievers ETF comprises approximately 0.6% of Park Edge Advisors LLC’s investment portfolio, making the stock its 19th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CENTRAL TRUST Co purchased a new stake in shares of Invesco BuyBack Achievers ETF in the fourth quarter valued at about $51,000. Fortitude Family Office LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF in the fourth quarter valued at about $88,000. Advisory Services Network LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF in the fourth quarter valued at about $169,000. Tidemark LLC bought a new position in Invesco BuyBack Achievers ETF during the fourth quarter valued at about $192,000. Finally, Aspect Partners LLC bought a new position in Invesco BuyBack Achievers ETF during the fourth quarter valued at about $205,000.

Invesco BuyBack Achievers ETF Stock Up 0.1 %

PKW traded up $0.15 during trading on Thursday, hitting $103.55. 7,228 shares of the company traded hands, compared to its average volume of 19,356. The firm has a market cap of $1.09 billion, a P/E ratio of 12.93 and a beta of 1.09. The stock’s fifty day moving average is $103.82 and its 200 day moving average is $102.56. Invesco BuyBack Achievers ETF has a one year low of $84.19 and a one year high of $108.33.

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 given a dividend of $0.2245 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.90 annualized dividend and a yield of 0.87%.

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.