SteelPeak Wealth LLC Buys New Shares in Invesco BuyBack Achievers ETF $PKW

SteelPeak Wealth LLC purchased a new stake in Invesco BuyBack Achievers ETF (NASDAQ:PKW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,101 shares of the exchange traded fund’s stock, valued at approximately $551,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of Invesco BuyBack Achievers ETF by 5.6% in the 3rd quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock valued at $109,269,000 after acquiring an additional 43,912 shares in the last quarter. UBS Group AG raised its holdings in Invesco BuyBack Achievers ETF by 11.4% during the third quarter. UBS Group AG now owns 137,398 shares of the exchange traded fund’s stock worth $18,202,000 after acquiring an additional 14,043 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings in Invesco BuyBack Achievers ETF by 11.8% during the third quarter. Koshinski Asset Management Inc. now owns 68,595 shares of the exchange traded fund’s stock worth $9,087,000 after acquiring an additional 7,235 shares in the last quarter. Sovran Advisors LLC boosted its position in Invesco BuyBack Achievers ETF by 39.0% during the third quarter. Sovran Advisors LLC now owns 64,018 shares of the exchange traded fund’s stock valued at $8,247,000 after purchasing an additional 17,972 shares during the last quarter. Finally, Elevation Capital Advisory LLC boosted its position in 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 valued at $8,133,000 after purchasing an additional 47,355 shares during the last quarter.

Invesco BuyBack Achievers ETF Price Performance

PKW stock opened at $132.28 on Monday. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 15.13 and a beta of 1.05. Invesco BuyBack Achievers ETF has a twelve month low of $96.10 and a twelve month high of $140.10. The business has a 50 day moving average price of $135.10 and a two-hundred day moving average price of $133.71.

Invesco BuyBack Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.2167 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.87 annualized dividend and a dividend yield of 0.7%.

Invesco BuyBack Achievers ETF 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.