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

Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $125.27 and last traded at $125.27, with a volume of 2195 shares. The stock had previously closed at $124.62.

Invesco BuyBack Achievers ETF Stock Up 0.5 %

The stock’s 50-day moving average price is $117.41 and its 200-day moving average price is $110.13. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.23 dividend. 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%. The ex-dividend date was Monday, September 23rd.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

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