Raymond James Financial Inc. Buys New Holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Raymond James Financial Inc. purchased a new position in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) during the fourth quarter, HoldingsChannel reports. The firm purchased 250,185 shares of the exchange traded fund’s stock, valued at approximately $28,804,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of Invesco BuyBack Achievers ETF during the 3rd quarter worth approximately $432,000. Jones Financial Companies Lllp boosted its position in Invesco BuyBack Achievers ETF by 76.2% during the fourth quarter. Jones Financial Companies Lllp now owns 8,681 shares of the exchange traded fund’s stock worth $999,000 after purchasing an additional 3,754 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Invesco BuyBack Achievers ETF by 1.9% in the third quarter. JPMorgan Chase & Co. now owns 31,781 shares of the exchange traded fund’s stock valued at $3,640,000 after purchasing an additional 582 shares during the last quarter. Blair William & Co. IL raised its position in shares of Invesco BuyBack Achievers ETF by 32.9% in the fourth quarter. Blair William & Co. IL now owns 877 shares of the exchange traded fund’s stock valued at $101,000 after purchasing an additional 217 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Invesco BuyBack Achievers ETF during the 4th quarter worth about $644,000.

Invesco BuyBack Achievers ETF Stock Performance

Shares of PKW opened at $105.06 on Friday. The firm’s 50-day simple moving average is $112.11 and its 200 day simple moving average is $116.19. The firm has a market cap of $1.10 billion, a P/E ratio of 13.06 and a beta of 1.09. Invesco BuyBack Achievers ETF has a 52 week low of $96.10 and a 52 week high of $125.31.

Invesco BuyBack Achievers ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.3078 dividend. This is an increase from Invesco BuyBack Achievers ETF’s previous dividend of $0.22. The ex-dividend date was Monday, March 24th.

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.