Valmark Advisers Inc. Makes New Investment in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Valmark Advisers Inc. acquired a new position in Invesco BuyBack Achievers ETF (NASDAQ:PKW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,887 shares of the exchange traded fund’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Kovitz Investment Group Partners LLC lifted its stake in shares of Invesco BuyBack Achievers ETF by 1.0% in the third quarter. Kovitz Investment Group Partners LLC now owns 14,209 shares of the exchange traded fund’s stock worth $1,596,000 after buying an additional 136 shares during the last quarter. Tempus Wealth Planning LLC lifted its stake in shares of Invesco BuyBack Achievers ETF by 1.8% in the third quarter. Tempus Wealth Planning LLC now owns 10,306 shares of the exchange traded fund’s stock worth $1,180,000 after buying an additional 178 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Invesco BuyBack Achievers ETF by 4.6% in the fourth quarter. Principal Securities Inc. now owns 4,292 shares of the exchange traded fund’s stock worth $494,000 after buying an additional 189 shares during the last quarter. Grove Bank & Trust acquired a new stake in shares of Invesco BuyBack Achievers ETF in the fourth quarter worth $35,000. Finally, Crews Bank & Trust acquired a new stake in shares of Invesco BuyBack Achievers ETF in the fourth quarter worth $46,000.

Invesco BuyBack Achievers ETF Price Performance

NASDAQ:PKW opened at $120.02 on Wednesday. The stock has a market cap of $1.27 billion, a P/E ratio of 12.93 and a beta of 1.09. Invesco BuyBack Achievers ETF has a one year low of $100.11 and a one year high of $125.31. The company has a fifty day moving average price of $117.87 and a 200 day moving average price of $115.76.

Invesco BuyBack Achievers ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued 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.