Smart Portfolios LLC Trims Stock Position in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Smart Portfolios LLC lowered its position in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 11.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,428 shares of the exchange traded fund’s stock after selling 2,619 shares during the period. Invesco BuyBack Achievers ETF comprises about 2.3% of Smart Portfolios LLC’s holdings, making the stock its 8th largest holding. Smart Portfolios LLC owned approximately 0.19% of Invesco BuyBack Achievers ETF worth $2,225,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC lifted its stake in Invesco BuyBack Achievers ETF by 2.9% in the third quarter. Private Advisor Group LLC now owns 28,916 shares of the exchange traded fund’s stock worth $3,311,000 after purchasing an additional 820 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Invesco BuyBack Achievers ETF by 205.6% in the 1st quarter. Cetera Investment Advisers now owns 27,110 shares of the exchange traded fund’s stock valued at $2,934,000 after acquiring an additional 18,240 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Invesco BuyBack Achievers ETF during the 2nd quarter valued at about $273,000. Cambridge Investment Research Advisors Inc. grew its position in Invesco BuyBack Achievers ETF by 1.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 42,822 shares of the exchange traded fund’s stock worth $4,449,000 after acquiring an additional 732 shares during the last quarter. Finally, Pacific Wealth Strategies Group Inc. increased its stake in Invesco BuyBack Achievers ETF by 8.6% in the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 114,159 shares of the exchange traded fund’s stock worth $13,073,000 after purchasing an additional 9,046 shares during the period.

Invesco BuyBack Achievers ETF Stock Performance

Shares of NASDAQ PKW traded up $3.14 during mid-day trading on Wednesday, hitting $118.78. The stock had a trading volume of 8,246 shares, compared to its average volume of 17,507. The business has a 50 day moving average price of $113.43 and a two-hundred day moving average price of $108.00. Invesco BuyBack Achievers ETF has a 1 year low of $87.54 and a 1 year high of $119.27. The firm has a market cap of $1.26 billion, a P/E ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.23 dividend. This is a boost from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, September 23rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.77%.

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.