Farther Finance Advisors LLC Reduces Position in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Farther Finance Advisors LLC trimmed its holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 27.3% during the fourth quarter, HoldingsChannel reports. The firm owned 539 shares of the exchange traded fund’s stock after selling 202 shares during the period. Farther Finance Advisors LLC’s holdings in Invesco BuyBack Achievers ETF were worth $62,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in Invesco BuyBack Achievers ETF during the fourth quarter worth approximately $28,804,000. Truist Financial Corp raised its holdings in shares of Invesco BuyBack Achievers ETF by 33.0% during the 4th quarter. Truist Financial Corp now owns 102,398 shares of the exchange traded fund’s stock worth $11,789,000 after acquiring an additional 25,389 shares during the period. Curtis Advisory Group LLC boosted its position in shares of Invesco BuyBack Achievers ETF by 10.8% during the 4th quarter. Curtis Advisory Group LLC now owns 79,902 shares of the exchange traded fund’s stock valued at $9,199,000 after acquiring an additional 7,803 shares during the last quarter. Elevation Capital Advisory LLC grew its holdings in shares of Invesco BuyBack Achievers ETF by 2,608.4% in the fourth quarter. Elevation Capital Advisory LLC now owns 76,484 shares of the exchange traded fund’s stock valued at $8,806,000 after purchasing an additional 73,660 shares during the period. Finally, Koshinski Asset Management Inc. increased its position in Invesco BuyBack Achievers ETF by 11.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 67,055 shares of the exchange traded fund’s stock worth $7,720,000 after purchasing an additional 7,121 shares during the last quarter.

Invesco BuyBack Achievers ETF Price Performance

Invesco BuyBack Achievers ETF stock opened at $113.75 on Friday. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 14.74 and a beta of 1.09. The firm has a 50 day simple moving average of $116.97 and a 200-day simple moving average of $116.81. Invesco BuyBack Achievers ETF has a 1-year low of $101.26 and a 1-year high of $125.31.

Invesco BuyBack Achievers ETF Dividend Announcement

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

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.