LPL Financial LLC Acquires 12,694 Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW)

LPL Financial LLC grew its stake in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 392,318 shares of the exchange traded fund’s stock after acquiring an additional 12,694 shares during the period. LPL Financial LLC owned 3.72% of Invesco BuyBack Achievers ETF worth $44,201,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. raised its holdings in shares of Invesco BuyBack Achievers ETF by 262.8% in the 1st quarter. Assetmark Inc. now owns 283 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 205 shares in the last quarter. Blair William & Co. IL raised its stake in Invesco BuyBack Achievers ETF by 32.9% in the fourth quarter. Blair William & Co. IL now owns 877 shares of the exchange traded fund’s stock valued at $101,000 after purchasing an additional 217 shares in the last quarter. Comerica Bank raised its stake in Invesco BuyBack Achievers ETF by 81.4% in the fourth quarter. Comerica Bank now owns 1,335 shares of the exchange traded fund’s stock valued at $154,000 after purchasing an additional 599 shares in the last quarter. Coppell Advisory Solutions LLC lifted its position in Invesco BuyBack Achievers ETF by 51.2% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,400 shares of the exchange traded fund’s stock valued at $161,000 after purchasing an additional 474 shares during the last quarter. Finally, Novem Group purchased a new position in Invesco BuyBack Achievers ETF in the 4th quarter worth approximately $213,000.

Invesco BuyBack Achievers ETF Stock Down 1.1%

NASDAQ PKW opened at $123.59 on Friday. The stock’s 50-day simple moving average is $122.70 and its two-hundred day simple moving average is $116.91. Invesco BuyBack Achievers ETF has a twelve month low of $96.10 and a twelve month high of $128.02. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 15.13 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, June 27th. Shareholders of record on Monday, June 23rd were given a $0.3716 dividend. The ex-dividend date was Monday, June 23rd. This is an increase from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.23. This represents a $1.49 annualized dividend and a yield of 1.2%.

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.