Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Strong Trading Volume – Here’s What Happened

Posted by Matthew Jenks on Jan 9th, 2025

Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 91,936 shares changed hands during mid-day trading, an increase of 110% from the previous session’s volume of 43,714 shares.The stock last traded at $116.72 and had previously closed at $116.19.

Invesco BuyBack Achievers ETF Price Performance

The business’s 50 day simple moving average is $119.38 and its 200 day simple moving average is $113.10. The stock has a market cap of $1.23 billion, a P/E ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.2197 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Several institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC bought a new position in shares of Invesco BuyBack Achievers ETF in the second quarter valued at about $31,000. Mendota Financial Group LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF in the third quarter valued at approximately $59,000. Valley Wealth Managers Inc. bought a new position in Invesco BuyBack Achievers ETF in the 3rd quarter worth approximately $90,000. Dunhill Financial LLC acquired a new position in Invesco BuyBack Achievers ETF during the 3rd quarter worth $115,000. Finally, Lion Street Advisors LLC bought a new position in Invesco BuyBack Achievers ETF in the 3rd quarter valued at $202,000.

Invesco BuyBack Achievers ETF Company Profile

(Get Free Report)

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.