LPL Financial LLC Has $40.65 Million Stock Position in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

LPL Financial LLC trimmed its stake in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 391,256 shares of the exchange traded fund’s stock after selling 1,012 shares during the quarter. LPL Financial LLC owned 3.73% of Invesco BuyBack Achievers ETF worth $40,652,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in PKW. Thoroughbred Financial Services LLC boosted its holdings in shares of Invesco BuyBack Achievers ETF by 148.8% in the 4th quarter. Thoroughbred Financial Services LLC now owns 15,366 shares of the exchange traded fund’s stock worth $1,521,000 after acquiring an additional 9,191 shares in the last quarter. Park Edge Advisors LLC acquired a new position in shares of Invesco BuyBack Achievers ETF in the 1st quarter worth approximately $2,204,000. Cetera Investment Advisers boosted its holdings in shares of Invesco BuyBack Achievers ETF by 205.6% in the 1st quarter. Cetera Investment Advisers now owns 27,110 shares of the exchange traded fund’s stock worth $2,934,000 after acquiring an additional 18,240 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Invesco BuyBack Achievers ETF by 1.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 42,822 shares of the exchange traded fund’s stock worth $4,449,000 after acquiring an additional 732 shares in the last quarter. Finally, Aspect Partners LLC acquired a new position in shares of Invesco BuyBack Achievers ETF in the 4th quarter worth approximately $205,000.

Invesco BuyBack Achievers ETF Stock Performance

NASDAQ:PKW opened at $110.34 on Monday. The stock’s fifty day moving average price is $107.69 and its two-hundred day moving average price is $105.47. Invesco BuyBack Achievers ETF has a 52-week low of $84.19 and a 52-week high of $112.14. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a dividend of $0.2245 per share. This represents a $0.90 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Monday, June 24th.

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.