Lane & Associates LLC Decreases Stake in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Lane & Associates LLC reduced its position in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 13.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,634 shares of the exchange traded fund’s stock after selling 726 shares during the period. Lane & Associates LLC’s holdings in Invesco BuyBack Achievers ETF were worth $555,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WealthBridge Capital Management LLC boosted its position in Invesco BuyBack Achievers ETF by 34.1% in the 4th quarter. WealthBridge Capital Management LLC now owns 9,846 shares of the exchange traded fund’s stock valued at $1,134,000 after buying an additional 2,503 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Invesco BuyBack Achievers ETF during the fourth quarter worth about $43,000. Truist Financial Corp lifted its position in shares of Invesco BuyBack Achievers ETF by 33.0% during the fourth quarter. Truist Financial Corp now owns 102,398 shares of the exchange traded fund’s stock worth $11,789,000 after purchasing an additional 25,389 shares during the last quarter. Valmark Advisers Inc. bought a new position in shares of Invesco BuyBack Achievers ETF during the fourth quarter worth about $217,000. Finally, Allworth Financial LP lifted its position in shares of Invesco BuyBack Achievers ETF by 165.5% during the fourth quarter. Allworth Financial LP now owns 2,817 shares of the exchange traded fund’s stock worth $336,000 after purchasing an additional 1,756 shares during the last quarter.

Invesco BuyBack Achievers ETF Stock Performance

Shares of PKW stock opened at $119.16 on Friday. Invesco BuyBack Achievers ETF has a one year low of $100.11 and a one year high of $125.31. The company’s 50-day simple moving average is $117.82 and its 200-day simple moving average is $115.91. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Announces Dividend

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

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.