Invesco BuyBack Achievers ETF (NASDAQ:PKW) Holdings Cut by Farther Finance Advisors LLC

Farther Finance Advisors LLC reduced its stake in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 11.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 741 shares of the exchange traded fund’s stock after selling 93 shares during the period. Farther Finance Advisors LLC’s holdings in Invesco BuyBack Achievers ETF were worth $85,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Pacific Wealth Strategies Group Inc. boosted its position in Invesco BuyBack Achievers ETF by 8.6% during the third quarter. Pacific Wealth Strategies Group Inc. now owns 114,159 shares of the exchange traded fund’s stock valued at $13,073,000 after purchasing an additional 9,046 shares during the last quarter. Legacy Capital Wealth Partners LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF during the 2nd quarter valued at about $8,184,000. Raymond James & Associates grew its stake in shares of Invesco BuyBack Achievers ETF by 37.6% in the 2nd quarter. Raymond James & Associates now owns 78,539 shares of the exchange traded fund’s stock valued at $8,160,000 after buying an additional 21,481 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Invesco BuyBack Achievers ETF in the first quarter worth approximately $7,785,000. Finally, Koshinski Asset Management Inc. raised its position in Invesco BuyBack Achievers ETF by 10.4% during the third quarter. Koshinski Asset Management Inc. now owns 59,934 shares of the exchange traded fund’s stock valued at $6,864,000 after acquiring an additional 5,646 shares in the last quarter.

Invesco BuyBack Achievers ETF Stock Down 0.7 %

NASDAQ PKW opened at $121.76 on Wednesday. The stock has a market capitalization of $1.29 billion, a PE ratio of 12.93 and a beta of 1.09. Invesco BuyBack Achievers ETF has a 12-month low of $88.51 and a 12-month high of $122.83. The company has a 50 day moving average price of $114.41 and a two-hundred day moving average price of $108.62.

Invesco BuyBack Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Monday, September 23rd. This is a positive change from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22.

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.