Financial Advocates Investment Management Has $416,000 Stock Position in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Financial Advocates Investment Management reduced its holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 46.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,999 shares of the exchange traded fund’s stock after selling 3,487 shares during the period. Financial Advocates Investment Management’s holdings in Invesco BuyBack Achievers ETF were worth $416,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PKW. Hazlett Burt & Watson Inc. purchased a new stake in shares of Invesco BuyBack Achievers ETF in the first quarter worth approximately $29,000. Russell Investments Group Ltd. acquired a new position in Invesco BuyBack Achievers ETF in the 1st quarter valued at approximately $32,000. Advisory Services Network LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF during the fourth quarter worth $169,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Invesco BuyBack Achievers ETF in the 1st quarter valued at $203,000. Finally, Lodestar Private Asset Management LLC acquired a new position in Invesco BuyBack Achievers ETF during the first quarter worth $207,000.

Invesco BuyBack Achievers ETF Stock Up 0.6 %

Shares of NASDAQ:PKW traded up $0.64 on Thursday, reaching $111.33. The company had a trading volume of 2,214 shares, compared to its average volume of 18,214. The stock has a market capitalization of $1.17 billion, a P/E ratio of 12.93 and a beta of 1.09. The stock has a 50-day moving average price of $106.25 and a 200 day moving average price of $104.71. Invesco BuyBack Achievers ETF has a twelve month low of $84.19 and a twelve month high of $111.42.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a $0.2245 dividend. The ex-dividend date was Monday, June 24th. This represents a $0.90 annualized dividend and a yield of 0.81%.

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.