Archer Investment Corp Sells 292 Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Archer Investment Corp cut its holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 8.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,312 shares of the exchange traded fund’s stock after selling 292 shares during the quarter. Archer Investment Corp’s holdings in Invesco BuyBack Achievers ETF were worth $379,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Tempus Wealth Planning LLC grew its position in Invesco BuyBack Achievers ETF by 1.8% in the 3rd quarter. Tempus Wealth Planning LLC now owns 10,306 shares of the exchange traded fund’s stock worth $1,180,000 after purchasing an additional 178 shares during the period. H&H Retirement Design & Management INC boosted its position in Invesco BuyBack Achievers ETF by 1.7% in the second quarter. H&H Retirement Design & Management INC now owns 11,350 shares of the exchange traded fund’s stock worth $1,210,000 after purchasing an additional 195 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Invesco BuyBack Achievers ETF in the first quarter worth approximately $32,000. Larson Financial Group LLC bought a new stake in Invesco BuyBack Achievers ETF during the second quarter valued at approximately $31,000. Finally, Cetera Investment Advisers grew its position in shares of Invesco BuyBack Achievers ETF by 1.1% during the 2nd quarter. Cetera Investment Advisers now owns 27,412 shares of the exchange traded fund’s stock valued at $2,848,000 after acquiring an additional 302 shares during the period.

Invesco BuyBack Achievers ETF Trading Up 0.1 %

NASDAQ PKW traded up $0.16 on Friday, reaching $120.81. 2,508 shares of the stock were exchanged, compared to its average volume of 17,551. The firm has a market capitalization of $1.28 billion, a PE ratio of 12.93 and a beta of 1.09. Invesco BuyBack Achievers ETF has a one year low of $90.34 and a one year high of $122.83. The company’s 50-day simple moving average is $114.63 and its two-hundred day simple moving average is $108.71.

Invesco BuyBack Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.23 per share. This is a boost from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 0.76%. The ex-dividend date was Monday, September 23rd.

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.