Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Strong Trading Volume – Time to Buy?

Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw unusually-strong trading volume on Thursday . Approximately 39,128 shares changed hands during trading, an increase of 120% from the previous session’s volume of 17,747 shares.The stock last traded at $123.84 and had previously closed at $124.05.

Invesco BuyBack Achievers ETF Price Performance

The stock has a 50 day simple moving average of $118.70 and a 200-day simple moving average of $110.93. The firm has a market cap of $1.31 billion, a PE ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.23 dividend. 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. This represents a $0.92 dividend on an annualized basis and a yield of 0.74%.

Institutional Trading of Invesco BuyBack Achievers ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC raised its stake in shares of 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 grew its position in 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 worth $2,934,000 after purchasing an additional 18,240 shares during the period. Sanctuary Advisors LLC purchased a new stake in Invesco BuyBack Achievers ETF during the 2nd quarter valued at $273,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of 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 valued at $4,449,000 after buying an additional 732 shares during the period. Finally, US Bancorp DE increased its position in shares of Invesco BuyBack Achievers ETF by 23.7% during the 3rd quarter. US Bancorp DE now owns 2,786 shares of the exchange traded fund’s stock valued at $319,000 after purchasing an additional 533 shares during the last quarter.

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.