Cornerstone Wealth Management LLC Has $1.21 Million Holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Cornerstone Wealth Management LLC cut its position in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,532 shares of the exchange traded fund’s stock after selling 492 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Invesco BuyBack Achievers ETF were worth $1,206,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PKW. Legacy Capital Wealth Partners LLC acquired a new position in Invesco BuyBack Achievers ETF in the 2nd quarter valued at $8,184,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Invesco BuyBack Achievers ETF during the 1st quarter valued at about $7,785,000. Koshinski Asset Management Inc. acquired a new stake in shares of Invesco BuyBack Achievers ETF during the 1st quarter valued at about $4,089,000. Raymond James & Associates boosted its position in shares of Invesco BuyBack Achievers ETF by 37.6% during the 2nd quarter. Raymond James & Associates now owns 78,539 shares of the exchange traded fund’s stock valued at $8,160,000 after acquiring an additional 21,481 shares in the last quarter. Finally, Park Edge Advisors LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF during the 1st quarter valued at about $2,204,000.

Invesco BuyBack Achievers ETF Stock Down 0.3 %

Shares of PKW stock opened at $117.22 on Friday. Invesco BuyBack Achievers ETF has a 12-month low of $84.19 and a 12-month high of $117.61. The company has a market capitalization of $1.23 billion, a P/E ratio of 12.93 and a beta of 1.09. The firm has a 50-day moving average price of $111.62 and a 200 day moving average price of $107.01.

Invesco BuyBack Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.23 per share. This is an increase from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 0.78%. The ex-dividend date was Monday, September 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.