Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Strong Trading Volume – Should You Buy?

Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw unusually-strong trading volume on Monday . Approximately 91,936 shares traded hands during mid-day trading, an increase of 110% from the previous session’s volume of 43,714 shares.The stock last traded at $116.72 and had previously closed at $116.19.

Invesco BuyBack Achievers ETF Trading Down 0.3 %

The firm has a market cap of $1.24 billion, a P/E ratio of 12.93 and a beta of 1.09. The company’s 50-day moving average is $119.36 and its two-hundred day moving average is $112.89.

Invesco BuyBack Achievers ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a $0.2197 dividend. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Several large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in Invesco BuyBack Achievers ETF by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 31,781 shares of the exchange traded fund’s stock valued at $3,640,000 after buying an additional 582 shares during the last quarter. MML Investors Services LLC increased its stake in Invesco BuyBack Achievers ETF by 5.4% in the 3rd quarter. MML Investors Services LLC now owns 10,150 shares of the exchange traded fund’s stock valued at $1,162,000 after buying an additional 524 shares during the last quarter. Dunhill Financial LLC purchased a new stake in Invesco BuyBack Achievers ETF in the 3rd quarter valued at about $115,000. National Bank of Canada FI increased its stake in shares of Invesco BuyBack Achievers ETF by 9.8% during the 3rd quarter. National Bank of Canada FI now owns 4,660 shares of the exchange traded fund’s stock worth $534,000 after purchasing an additional 415 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF during the 3rd quarter worth approximately $687,000.

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.