Sovran Advisors LLC Purchases New Holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Sovran Advisors LLC acquired a new position in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 23,654 shares of the exchange traded fund’s stock, valued at approximately $2,748,000. Sovran Advisors LLC owned 0.22% of Invesco BuyBack Achievers ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PKW. Grove Bank & Trust acquired a new stake in shares of Invesco BuyBack Achievers ETF in the 4th quarter valued at $35,000. Crews Bank & Trust acquired a new position in Invesco BuyBack Achievers ETF during the fourth quarter worth about $46,000. Private Wealth Management Group LLC acquired a new position in Invesco BuyBack Achievers ETF during the fourth quarter worth about $75,000. Valley Wealth Managers Inc. bought a new position in shares of Invesco BuyBack Achievers ETF in the third quarter worth about $90,000. Finally, Dunhill Financial LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF in the 3rd quarter valued at approximately $115,000.

Invesco BuyBack Achievers ETF Price Performance

PKW stock opened at $119.25 on Tuesday. Invesco BuyBack Achievers ETF has a 1 year low of $99.16 and a 1 year high of $125.31. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09. The company has a 50 day simple moving average of $118.44 and a 200 day simple moving average of $115.34.

Invesco BuyBack Achievers ETF Dividend Announcement

The company also recently declared 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.

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.