Lane & Associates LLC Reduces Stock Position in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Lane & Associates LLC trimmed its position in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 38.6% during the second quarter, Holdings Channel.com reports. The firm owned 5,928 shares of the exchange traded fund’s stock after selling 3,733 shares during the period. Lane & Associates LLC’s holdings in Invesco BuyBack Achievers ETF were worth $616,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Capital Investment Advisory Services LLC increased its stake in Invesco BuyBack Achievers ETF by 2.9% in the first quarter. Capital Investment Advisory Services LLC now owns 6,353 shares of the exchange traded fund’s stock valued at $688,000 after purchasing an additional 178 shares during the last quarter. Resonant Capital Advisors LLC boosted its position in shares of Invesco BuyBack Achievers ETF by 0.3% in the first quarter. Resonant Capital Advisors LLC now owns 64,084 shares of the exchange traded fund’s stock worth $6,936,000 after acquiring an additional 192 shares during the last quarter. H&H Retirement Design & Management INC grew its holdings in Invesco BuyBack Achievers ETF by 1.7% in the second quarter. H&H Retirement Design & Management INC now owns 11,350 shares of the exchange traded fund’s stock valued at $1,210,000 after purchasing an additional 195 shares during the period. Hazlett Burt & Watson Inc. acquired a new position in Invesco BuyBack Achievers ETF during the first quarter worth approximately $29,000. Finally, Essex Financial Services Inc. raised its stake in Invesco BuyBack Achievers ETF by 1.9% during the first quarter. Essex Financial Services Inc. now owns 15,267 shares of the exchange traded fund’s stock worth $1,652,000 after purchasing an additional 285 shares during the period.

Invesco BuyBack Achievers ETF Stock Up 0.7 %

PKW stock opened at $108.51 on Tuesday. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09. The business has a fifty day simple moving average of $107.14 and a 200-day simple moving average of $105.23. Invesco BuyBack Achievers ETF has a 52 week low of $84.19 and a 52 week high of $112.14.

Invesco BuyBack Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a dividend of $0.2245 per share. The ex-dividend date was Monday, June 24th. This represents a $0.90 annualized dividend and a yield of 0.83%.

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.