Breakwater Capital Group Boosts Position in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Breakwater Capital Group boosted its position in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 5.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,082 shares of the exchange traded fund’s stock after acquiring an additional 721 shares during the quarter. Breakwater Capital Group’s holdings in Invesco BuyBack Achievers ETF were worth $1,524,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its position in Invesco BuyBack Achievers ETF by 1.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 177,977 shares of the exchange traded fund’s stock valued at $17,623,000 after acquiring an additional 2,623 shares during the last quarter. Pacific Wealth Strategies Group Inc. grew its holdings in Invesco BuyBack Achievers ETF by 3.8% during the fourth quarter. Pacific Wealth Strategies Group Inc. now owns 101,781 shares of the exchange traded fund’s stock valued at $10,078,000 after purchasing an additional 3,754 shares during the period. Truist Financial Corp grew its holdings in Invesco BuyBack Achievers ETF by 4.4% during the fourth quarter. Truist Financial Corp now owns 88,118 shares of the exchange traded fund’s stock valued at $8,725,000 after purchasing an additional 3,703 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in Invesco BuyBack Achievers ETF by 1,150.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 71,926 shares of the exchange traded fund’s stock valued at $6,471,000 after purchasing an additional 66,176 shares during the period. Finally, Thoroughbred Financial Services LLC grew its holdings in Invesco BuyBack Achievers ETF by 148.8% during the fourth quarter. Thoroughbred Financial Services LLC now owns 15,366 shares of the exchange traded fund’s stock valued at $1,521,000 after purchasing an additional 9,191 shares during the period.

Invesco BuyBack Achievers ETF Stock Up 0.1 %

NASDAQ:PKW traded up $0.07 during mid-day trading on Friday, hitting $103.90. 12,744 shares of the company traded hands, compared to its average volume of 19,607. The stock’s fifty day moving average price is $103.84 and its 200-day moving average price is $102.49. Invesco BuyBack Achievers ETF has a one year low of $84.19 and a one year high of $108.33. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a $0.2245 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.90 annualized dividend and a dividend yield of 0.86%.

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.