Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Large Volume Increase – Should You Buy?

Posted by Erica Schwartz on Jan 6th, 2025

Invesco BuyBack Achievers ETF (NASDAQ:PKW – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 91,936 shares were traded during 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 Stock Performance

The company’s 50 day moving average price is $119.36 and its 200-day moving average price is $112.89. The company has a market cap of $1.24 billion, a PE ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.2197 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Invesco BuyBack Achievers ETF

A number of hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC purchased a new position in Invesco BuyBack Achievers ETF in the 2nd quarter worth $31,000. Mendota Financial Group LLC purchased a new position in Invesco BuyBack Achievers ETF in the 3rd quarter worth $59,000. Valley Wealth Managers Inc. purchased a new position in Invesco BuyBack Achievers ETF in the 3rd quarter worth $90,000. Dunhill Financial LLC purchased a new position in Invesco BuyBack Achievers ETF in the 3rd quarter worth $115,000. Finally, Lion Street Advisors LLC purchased a new position in Invesco BuyBack Achievers ETF in the 3rd quarter worth $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.