NewEdge Advisors LLC Reduces Stock Position in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

NewEdge Advisors LLC cut its stake in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 2.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,850 shares of the exchange traded fund’s stock after selling 185 shares during the period. NewEdge Advisors LLC owned approximately 0.08% of Invesco BuyBack Achievers ETF worth $920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in PKW. Hazlett Burt & Watson Inc. purchased a new position in Invesco BuyBack Achievers ETF in the first quarter worth approximately $29,000. Larson Financial Group LLC purchased a new position in Invesco BuyBack Achievers ETF in the second quarter worth approximately $31,000. Russell Investments Group Ltd. purchased a new position in Invesco BuyBack Achievers ETF in the first quarter worth approximately $32,000. Coppell Advisory Solutions Corp. purchased a new position in Invesco BuyBack Achievers ETF in the first quarter worth approximately $203,000. Finally, Aspect Partners LLC purchased a new position in Invesco BuyBack Achievers ETF in the fourth quarter worth approximately $205,000.

Invesco BuyBack Achievers ETF Stock Performance

Shares of Invesco BuyBack Achievers ETF stock opened at $114.41 on Tuesday. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09. Invesco BuyBack Achievers ETF has a fifty-two week low of $84.19 and a fifty-two week high of $115.29. The stock has a 50 day moving average of $110.08 and a 200 day moving average of $106.51.

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 given a dividend of $0.23 per share. This is a positive change from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Monday, September 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.