Raymond James & Associates Trims Holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Raymond James & Associates lowered its stake in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,038 shares of the exchange traded fund’s stock after selling 1,501 shares during the quarter. Raymond James & Associates owned approximately 0.74% of Invesco BuyBack Achievers ETF worth $8,822,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Legacy Capital Wealth Partners LLC bought a new stake in Invesco BuyBack Achievers ETF during the second quarter valued at $8,184,000. B. Riley Wealth Advisors Inc. acquired a new stake in Invesco BuyBack Achievers ETF during the first quarter worth about $7,785,000. Koshinski Asset Management Inc. bought a new position in Invesco BuyBack Achievers ETF in the first quarter worth about $4,089,000. Park Edge Advisors LLC acquired a new position in Invesco BuyBack Achievers ETF in the first quarter valued at approximately $2,204,000. Finally, Cetera Investment Advisers grew its holdings in shares of Invesco BuyBack Achievers ETF by 205.6% during the first quarter. Cetera Investment Advisers now owns 27,110 shares of the exchange traded fund’s stock valued at $2,934,000 after purchasing an additional 18,240 shares during the last quarter.

Invesco BuyBack Achievers ETF Stock Performance

Shares of PKW opened at $114.60 on Wednesday. Invesco BuyBack Achievers ETF has a 1 year low of $84.64 and a 1 year high of $117.88. The firm has a fifty day moving average of $112.87 and a 200-day moving average of $107.49. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.23 dividend. The ex-dividend date was Monday, September 23rd. This is a boost 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%.

Invesco BuyBack Achievers ETF Company 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.