Valley Wealth Managers Inc. Purchases Shares of 785 Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Valley Wealth Managers Inc. acquired a new position in Invesco BuyBack Achievers ETF (NASDAQ:PKW) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 785 shares of the exchange traded fund’s stock, valued at approximately $90,000.

Several other large investors have also modified their holdings of PKW. Private Advisor Group LLC boosted its stake in Invesco BuyBack Achievers ETF by 2.9% during the 3rd quarter. Private Advisor Group LLC now owns 28,916 shares of the exchange traded fund’s stock valued at $3,311,000 after purchasing an additional 820 shares during the period. Cetera Investment Advisers boosted its position in shares of Invesco BuyBack Achievers ETF by 205.6% in the first quarter. Cetera Investment Advisers now owns 27,110 shares of the exchange traded fund’s stock valued at $2,934,000 after acquiring an additional 18,240 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Invesco BuyBack Achievers ETF in the second quarter valued at approximately $273,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Invesco BuyBack Achievers ETF by 1.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 42,822 shares of the exchange traded fund’s stock worth $4,449,000 after acquiring an additional 732 shares during the last quarter. Finally, US Bancorp DE increased its position in Invesco BuyBack Achievers ETF by 23.7% during the third quarter. US Bancorp DE now owns 2,786 shares of the exchange traded fund’s stock worth $319,000 after acquiring an additional 533 shares during the period.

Invesco BuyBack Achievers ETF Price Performance

NASDAQ:PKW opened at $120.28 on Friday. The stock has a market cap of $1.27 billion, a P/E ratio of 12.93 and a beta of 1.09. The company has a fifty day moving average price of $115.11 and a 200 day moving average price of $108.91. Invesco BuyBack Achievers ETF has a one year low of $90.34 and a one year high of $122.83.

Invesco BuyBack Achievers ETF Increases Dividend

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

Invesco BuyBack Achievers ETF 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.