Invesco BuyBack Achievers ETF (NASDAQ:PKW) Hits New 52-Week High – Time to Buy?

Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) reached a new 52-week high on Thursday . The company traded as high as $122.93 and last traded at $122.90, with a volume of 15423 shares. The stock had previously closed at $120.83.

Invesco BuyBack Achievers ETF Stock Performance

The business has a fifty day moving average of $115.86 and a 200-day moving average of $109.34. The company has a market capitalization of $1.30 billion, a P/E ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, September 23rd. This is an increase from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 0.75%.

Institutional Trading of Invesco BuyBack Achievers ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC purchased a new position in shares of Invesco BuyBack Achievers ETF during the second quarter valued at approximately $31,000. Russell Investments Group Ltd. purchased a new stake in Invesco BuyBack Achievers ETF in the 1st quarter valued at $32,000. Mendota Financial Group LLC bought a new position in Invesco BuyBack Achievers ETF during the 3rd quarter valued at $59,000. Valley Wealth Managers Inc. purchased a new position in Invesco BuyBack Achievers ETF during the 3rd quarter worth $90,000. Finally, Dunhill Financial LLC bought a new stake in shares of Invesco BuyBack Achievers ETF in the 3rd 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.