Financial Advocates Investment Management Sells 709 Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Financial Advocates Investment Management reduced its holdings in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 17.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,290 shares of the exchange traded fund’s stock after selling 709 shares during the quarter. Financial Advocates Investment Management’s holdings in Invesco BuyBack Achievers ETF were worth $379,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PKW. Legacy Capital Wealth Partners LLC grew its stake in Invesco BuyBack Achievers ETF by 27.4% in the third quarter. Legacy Capital Wealth Partners LLC now owns 100,315 shares of the exchange traded fund’s stock valued at $10,957,000 after purchasing an additional 21,547 shares in the last quarter. Pacific Wealth Strategies Group Inc. grew its stake in shares of Invesco BuyBack Achievers ETF by 8.6% in 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 buying an additional 9,046 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in Invesco BuyBack Achievers ETF by 11.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 67,055 shares of the exchange traded fund’s stock worth $7,720,000 after buying an additional 7,121 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in Invesco BuyBack Achievers ETF during the third quarter worth $687,000. Finally, Park Edge Advisors LLC lifted its stake in Invesco BuyBack Achievers ETF by 26.9% in the third quarter. Park Edge Advisors LLC now owns 26,431 shares of the exchange traded fund’s stock valued at $3,027,000 after acquiring an additional 5,595 shares during the last quarter.

Invesco BuyBack Achievers ETF Price Performance

Shares of PKW opened at $119.12 on Monday. The company has a market cap of $1.26 billion, a PE ratio of 12.93 and a beta of 1.09. The firm has a 50-day moving average of $118.44 and a 200-day moving average of $115.34. Invesco BuyBack Achievers ETF has a one year low of $99.16 and a one year high of $125.31.

Invesco BuyBack Achievers ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a dividend of $0.2197 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.