Financial Engines Advisors L.L.C. Acquires New Position in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Financial Engines Advisors L.L.C. bought a new position in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,642 shares of the exchange traded fund’s stock, valued at approximately $304,000.

Several other hedge funds also recently made changes to their positions in the company. Grove Bank & Trust bought a new stake in shares of Invesco BuyBack Achievers ETF during the 4th quarter valued at about $35,000. Venturi Wealth Management LLC acquired a new position in Invesco BuyBack Achievers ETF in the fourth quarter valued at approximately $43,000. Crews Bank & Trust bought a new position in shares of Invesco BuyBack Achievers ETF during the fourth quarter valued at approximately $46,000. Millstone Evans Group LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF during the 4th quarter worth approximately $48,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Invesco BuyBack Achievers ETF in the 4th quarter worth approximately $54,000.

Invesco BuyBack Achievers ETF Price Performance

Shares of PKW opened at $111.97 on Friday. Invesco BuyBack Achievers ETF has a 12 month low of $101.26 and a 12 month high of $125.31. The stock has a fifty day moving average price of $116.71 and a 200 day moving average price of $116.95. The company has a market cap of $1.19 billion, a P/E ratio of 14.74 and a beta of 1.09.

Invesco BuyBack Achievers ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.3078 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco BuyBack Achievers ETF’s previous dividend of $0.22.

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.