Bank of New York Mellon Corp Trims Position in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Bank of New York Mellon Corp decreased its holdings in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,700 shares of the exchange traded fund’s stock after selling 1,401 shares during the period. Bank of New York Mellon Corp owned approximately 0.75% of Invesco BuyBack Achievers ETF worth $7,120,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. HBW Advisory Services LLC grew its position in Invesco BuyBack Achievers ETF by 12.4% in the 1st quarter. HBW Advisory Services LLC now owns 2,647 shares of the exchange traded fund’s stock valued at $225,000 after buying an additional 291 shares during the last quarter. H&H Retirement Design & Management INC purchased a new stake in shares of Invesco BuyBack Achievers ETF in the first quarter valued at about $1,125,000. Colonial River Wealth Management LLC acquired a new position in shares of Invesco BuyBack Achievers ETF during the fourth quarter worth about $3,845,000. Advisor Group Holdings Inc. raised its holdings in Invesco BuyBack Achievers ETF by 4,902.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 1,607,054 shares of the exchange traded fund’s stock worth $137,542,000 after purchasing an additional 1,574,930 shares in the last quarter. Finally, Ahrens Investment Partners LLC acquired a new stake in Invesco BuyBack Achievers ETF in the first quarter valued at about $175,000.

Invesco BuyBack Achievers ETF Trading Up 0.8 %

Shares of PKW opened at $93.81 on Tuesday. The stock’s 50 day moving average is $91.94 and its two-hundred day moving average is $87.37. Invesco BuyBack Achievers ETF has a twelve month low of $73.80 and a twelve month high of $94.70. The firm has a market capitalization of $1.02 billion, a PE ratio of 9.87 and a beta of 1.09.

Invesco BuyBack Achievers ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Wednesday, June 21st were paid a $0.262 dividend. The ex-dividend date of this dividend was Tuesday, June 20th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.12%.

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.