Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Large Volume Increase Following Dividend Announcement

Invesco BuyBack Achievers ETF (NASDAQ:PKW) shares saw unusually-high trading volume on Tuesday following a dividend announcement from the company. Approximately 35,636 shares were traded during trading, an increase of 90% from the previous session’s volume of 18,792 shares.The stock last traded at $115.52 and had previously closed at $115.38.

The newly announced dividend which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.3078 per share. This is a positive change from Invesco BuyBack Achievers ETF’s previous dividend of $0.22. The ex-dividend date of this dividend is Monday, March 24th.

Invesco BuyBack Achievers ETF Trading Down 0.5 %

The company’s 50 day moving average is $116.92 and its 200 day moving average is $116.94. The company has a market cap of $1.22 billion, a PE ratio of 14.74 and a beta of 1.09.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF in the third quarter valued at approximately $432,000. Jones Financial Companies Lllp raised its position in Invesco BuyBack Achievers ETF by 76.2% during the 4th quarter. Jones Financial Companies Lllp now owns 8,681 shares of the exchange traded fund’s stock valued at $999,000 after purchasing an additional 3,754 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Invesco BuyBack Achievers ETF by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 31,781 shares of the exchange traded fund’s stock worth $3,640,000 after buying an additional 582 shares during the period. FMR LLC lifted its holdings in shares of Invesco BuyBack Achievers ETF by 2.3% in the 3rd quarter. FMR LLC now owns 40,287 shares of the exchange traded fund’s stock worth $4,614,000 after buying an additional 903 shares during the period. Finally, D.A. Davidson & CO. grew its position in shares of Invesco BuyBack Achievers ETF by 14.3% during the 3rd quarter. D.A. Davidson & CO. now owns 4,426 shares of the exchange traded fund’s stock worth $507,000 after buying an additional 555 shares in the last quarter.

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.