Tyler Stone Wealth Management Increases Stock Position in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Tyler Stone Wealth Management grew its holdings in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 100.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,705 shares of the exchange traded fund’s stock after buying an additional 1,354 shares during the period. Tyler Stone Wealth Management’s holdings in Invesco BuyBack Achievers ETF were worth $310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tempus Wealth Planning LLC grew its stake in shares of Invesco BuyBack Achievers ETF by 1.8% in the 3rd quarter. Tempus Wealth Planning LLC now owns 10,306 shares of the exchange traded fund’s stock worth $1,180,000 after buying an additional 178 shares during the last quarter. H&H Retirement Design & Management INC grew its stake in shares of Invesco BuyBack Achievers ETF by 1.7% in the second quarter. H&H Retirement Design & Management INC now owns 11,350 shares of the exchange traded fund’s stock worth $1,210,000 after acquiring an additional 195 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Invesco BuyBack Achievers ETF during the first quarter valued at $32,000. Larson Financial Group LLC purchased a new position in shares of Invesco BuyBack Achievers ETF in the 2nd quarter worth about $31,000. Finally, Cetera Investment Advisers boosted its stake in Invesco BuyBack Achievers ETF by 1.1% in the 2nd quarter. Cetera Investment Advisers now owns 27,412 shares of the exchange traded fund’s stock worth $2,848,000 after purchasing an additional 302 shares in the last quarter.

Invesco BuyBack Achievers ETF Stock Performance

Shares of PKW stock opened at $122.64 on Tuesday. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09. Invesco BuyBack Achievers ETF has a one year low of $88.51 and a one year high of $122.83. The company’s 50-day moving average is $113.98 and its 200 day moving average is $108.35.

Invesco BuyBack Achievers ETF Increases Dividend

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

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.