Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Large Volume Increase – What’s Next?

Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw an uptick in trading volume on Tuesday . 45,663 shares changed hands during mid-day trading, an increase of 140% from the previous session’s volume of 19,004 shares.The stock last traded at $113.33 and had previously closed at $112.67.

Invesco BuyBack Achievers ETF Price Performance

The company has a market cap of $1.17 billion, a PE ratio of 14.74 and a beta of 1.09. The business has a 50-day moving average of $116.35 and a 200 day moving average of $117.10.

Invesco BuyBack Achievers ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.3078 per share. This is a positive change from Invesco BuyBack Achievers ETF’s previous dividend of $0.22. The ex-dividend date was Monday, March 24th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PKW. JPMorgan Chase & Co. boosted its position in shares of Invesco BuyBack Achievers ETF by 0.3% in the fourth quarter. JPMorgan Chase & Co. now owns 31,868 shares of the exchange traded fund’s stock worth $3,669,000 after purchasing an additional 87 shares during the period. Kovitz Investment Group Partners LLC boosted its stake in shares of Invesco BuyBack Achievers ETF by 1.0% in the third quarter. Kovitz Investment Group Partners LLC now owns 14,209 shares of the exchange traded fund’s stock worth $1,596,000 after acquiring an additional 136 shares during the period. Principal Securities Inc. grew its position in shares of Invesco BuyBack Achievers ETF by 4.6% during the fourth quarter. Principal Securities Inc. now owns 4,292 shares of the exchange traded fund’s stock worth $494,000 after purchasing an additional 189 shares in the last quarter. Blair William & Co. IL lifted its holdings in Invesco BuyBack Achievers ETF by 32.9% in the 4th quarter. Blair William & Co. IL now owns 877 shares of the exchange traded fund’s stock worth $101,000 after purchasing an additional 217 shares in the last quarter. Finally, Ergawealth Advisors Inc. boosted its stake in Invesco BuyBack Achievers ETF by 6.8% in the 4th quarter. Ergawealth Advisors Inc. now owns 3,576 shares of the exchange traded fund’s stock worth $412,000 after purchasing an additional 228 shares during the period.

About Invesco BuyBack Achievers ETF

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.