Invesco BuyBack Achievers ETF $PKW Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 30.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,534 shares of the exchange traded fund’s stock after selling 18,485 shares during the period. Envestnet Asset Management Inc. owned approximately 0.38% of Invesco BuyBack Achievers ETF worth $5,635,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Elevation Capital Advisory LLC grew its position in shares of Invesco BuyBack Achievers ETF by 337.5% during the third quarter. Elevation Capital Advisory LLC now owns 61,388 shares of the exchange traded fund’s stock worth $8,133,000 after buying an additional 47,355 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Invesco BuyBack Achievers ETF by 130.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 65,199 shares of the exchange traded fund’s stock valued at $8,059,000 after purchasing an additional 36,890 shares during the period. Win Advisors Inc. acquired a new position in Invesco BuyBack Achievers ETF during the third quarter worth about $4,572,000. BNP Paribas Financial Markets purchased a new stake in Invesco BuyBack Achievers ETF in the 2nd quarter valued at approximately $3,721,000. Finally, Fortitude Financial LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF during the second quarter worth $3,694,000.

Invesco BuyBack Achievers ETF Stock Performance

Shares of NASDAQ:PKW opened at $139.41 on Friday. Invesco BuyBack Achievers ETF has a one year low of $96.10 and a one year high of $140.10. The business’s 50-day simple moving average is $136.84 and its 200 day simple moving average is $132.94. The company has a market cap of $2.16 billion, a P/E ratio of 15.13 and a beta of 1.05.

Invesco BuyBack Achievers ETF Cuts Dividend

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

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.