Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Large Volume Increase After Dividend Announcement

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw unusually-strong trading volume on Tuesday following a dividend announcement from the company. Approximately 35,636 shares traded hands during mid-day trading, an increase of 90% from the previous session’s volume of 18,792 shares.The stock last traded at $115.52 and had previously closed at $115.38.

The newly announced dividend which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a dividend of $0.3078 per share. This is a positive change from Invesco BuyBack Achievers ETF’s previous dividend of $0.22. The ex-dividend date is Monday, March 24th.

Invesco BuyBack Achievers ETF Trading Up 0.1 %

The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 14.74 and a beta of 1.09. The firm’s 50-day moving average is $116.97 and its 200-day moving average is $116.96.

Institutional Inflows and Outflows

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

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.