JBR Co Financial Management Inc Reduces Position in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

JBR Co Financial Management Inc trimmed its holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 5.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,258 shares of the exchange traded fund’s stock after selling 312 shares during the quarter. JBR Co Financial Management Inc’s holdings in Invesco BuyBack Achievers ETF were worth $602,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. &PARTNERS bought a new stake in shares of Invesco BuyBack Achievers ETF during the first quarter worth $648,000. Wealthcare Advisory Partners LLC lifted its holdings in Invesco BuyBack Achievers ETF by 26.6% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,227 shares of the exchange traded fund’s stock valued at $349,000 after buying an additional 678 shares in the last quarter. Breakwater Capital Group boosted its position in Invesco BuyBack Achievers ETF by 5.4% in the 1st quarter. Breakwater Capital Group now owns 14,082 shares of the exchange traded fund’s stock valued at $1,524,000 after buying an additional 721 shares during the period. Tempus Wealth Planning LLC grew its stake in Invesco BuyBack Achievers ETF by 14.6% in the 1st quarter. Tempus Wealth Planning LLC now owns 9,723 shares of the exchange traded fund’s stock worth $1,052,000 after acquiring an additional 1,242 shares in the last quarter. Finally, Park Edge Advisors LLC purchased a new position in shares of Invesco BuyBack Achievers ETF during the first quarter worth approximately $2,204,000.

Invesco BuyBack Achievers ETF Trading Up 0.9 %

Shares of Invesco BuyBack Achievers ETF stock traded up $1.07 on Friday, hitting $116.06. 11,313 shares of the company traded hands, compared to its average volume of 17,431. Invesco BuyBack Achievers ETF has a 52 week low of $84.19 and a 52 week high of $116.22. The company has a market cap of $1.22 billion, a PE ratio of 12.93 and a beta of 1.09. The stock’s 50 day moving average price is $110.62 and its 200-day moving average price is $106.76.

Invesco BuyBack Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.79%. This is a boost from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, September 23rd.

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.