Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Large Volume Increase – Should You Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw strong trading volume on Friday . 31,651 shares were traded during trading, an increase of 11% from the previous session’s volume of 28,601 shares.The stock last traded at $136.1140 and had previously closed at $136.51.

Invesco BuyBack Achievers ETF Stock Performance

The company’s 50 day simple moving average is $132.03 and its 200 day simple moving average is $129.26. The stock has a market cap of $1.55 billion, a PE ratio of 15.13 and a beta of 1.05.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $0.2739 per share. This represents a $1.10 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, December 22nd.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Large investors have recently made changes to their positions in the business. Costello Asset Management INC increased its holdings in Invesco BuyBack Achievers ETF by 77.0% during the second quarter. Costello Asset Management INC now owns 216 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 94 shares during the last quarter. Assetmark Inc. grew its position in shares of Invesco BuyBack Achievers ETF by 72.4% during the 2nd quarter. Assetmark Inc. now owns 488 shares of the exchange traded fund’s stock valued at $60,000 after acquiring an additional 205 shares during the period. CX Institutional bought a new position in shares of Invesco BuyBack Achievers ETF during the 3rd quarter valued at approximately $71,000. Cardiff Park Advisors LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF during the 3rd quarter worth approximately $79,000. Finally, Bangor Savings Bank purchased a new stake in shares of Invesco BuyBack Achievers ETF during the 2nd quarter worth approximately $95,000.

Invesco BuyBack Achievers ETF Company Profile

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.