Independent Wealth Network Inc. Sells 171 Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Independent Wealth Network Inc. trimmed its position in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,391 shares of the exchange traded fund’s stock after selling 171 shares during the period. Independent Wealth Network Inc. owned approximately 0.05% of Invesco BuyBack Achievers ETF worth $621,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PKW. Janney Montgomery Scott LLC bought a new stake in shares of Invesco BuyBack Achievers ETF in the 4th quarter valued at approximately $644,000. Koshinski Asset Management Inc. grew its stake in shares of Invesco BuyBack Achievers ETF by 11.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 67,055 shares of the exchange traded fund’s stock valued at $7,720,000 after purchasing an additional 7,121 shares during the period. Grove Bank & Trust bought a new stake in shares of Invesco BuyBack Achievers ETF in the 4th quarter valued at approximately $35,000. Carnegie Investment Counsel grew its stake in shares of Invesco BuyBack Achievers ETF by 5.6% in the 4th quarter. Carnegie Investment Counsel now owns 15,458 shares of the exchange traded fund’s stock valued at $1,780,000 after purchasing an additional 823 shares during the period. Finally, Breakwater Capital Group grew its stake in shares of Invesco BuyBack Achievers ETF by 4.8% in the 4th quarter. Breakwater Capital Group now owns 16,928 shares of the exchange traded fund’s stock valued at $1,949,000 after purchasing an additional 783 shares during the period.

Invesco BuyBack Achievers ETF Trading Down 0.3 %

PKW stock opened at $119.40 on Thursday. Invesco BuyBack Achievers ETF has a 1-year low of $98.73 and a 1-year high of $125.31. The firm has a market cap of $1.26 billion, a P/E ratio of 12.93 and a beta of 1.09. The business’s 50 day moving average is $119.14 and its 200-day moving average is $114.07.

Invesco BuyBack Achievers ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.2197 dividend. The ex-dividend date was Monday, December 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.