Raymond James & Associates Cuts Stake in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Raymond James & Associates reduced its stake in Invesco BuyBack Achievers ETF (NASDAQ:PKW – Get Rating) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,618 shares of the exchange traded fund’s stock after selling 527 shares during the period. Raymond James & Associates owned approximately 0.87% of Invesco BuyBack Achievers ETF worth $8,655,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. AE Wealth Management LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF during the third quarter valued at $268,000. Stratos Wealth Partners LTD. boosted its position in shares of Invesco BuyBack Achievers ETF by 4.2% during the third quarter. Stratos Wealth Partners LTD. now owns 5,030 shares of the exchange traded fund’s stock valued at $373,000 after buying an additional 201 shares during the last quarter. Whittier Trust Co. purchased a new stake in shares of Invesco BuyBack Achievers ETF during the third quarter valued at $41,000. Roosevelt Investment Group LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF during the third quarter valued at $242,000. Finally, 360 Financial Inc. purchased a new stake in shares of Invesco BuyBack Achievers ETF during the third quarter valued at $219,000.

Invesco BuyBack Achievers ETF Stock Up 0.1 %

Invesco BuyBack Achievers ETF stock opened at $88.87 on Friday. Invesco BuyBack Achievers ETF has a one year low of $73.80 and a one year high of $97.97. The business’s fifty day moving average is $86.85 and its 200 day moving average is $83.02.

Invesco BuyBack Achievers ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 23rd. Shareholders of record on Tuesday, December 20th were given a $0.274 dividend. The ex-dividend date of this dividend was Monday, December 19th. This represents a $1.10 annualized dividend and a yield of 1.23%.

Invesco BuyBack Achievers ETF Company Profile

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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.