Invesco BuyBack Achievers ETF (NASDAQ:PKW) Hits New 52-Week Low – Time to Sell?

Invesco BuyBack Achievers ETF (NASDAQ:PKW)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $100.41 and last traded at $102.61, with a volume of 15979 shares. The stock had previously closed at $107.42.

Invesco BuyBack Achievers ETF Stock Performance

The stock has a fifty day moving average price of $116.09 and a 200-day moving average price of $117.03. The firm has a market cap of $1.07 billion, a PE ratio of 14.74 and a beta of 1.09.

Invesco BuyBack Achievers ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.3078 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco BuyBack Achievers ETF’s previous dividend of $0.22.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in Invesco BuyBack Achievers ETF in the third quarter valued at about $432,000. Jones Financial Companies Lllp grew its stake in shares of Invesco BuyBack Achievers ETF by 76.2% in the fourth quarter. Jones Financial Companies Lllp now owns 8,681 shares of the exchange traded fund’s stock valued at $999,000 after buying an additional 3,754 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Invesco BuyBack Achievers ETF by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 31,781 shares of the exchange traded fund’s stock valued at $3,640,000 after buying an additional 582 shares during the period. FMR LLC lifted its position in Invesco BuyBack Achievers ETF by 2.3% during the 3rd quarter. FMR LLC now owns 40,287 shares of the exchange traded fund’s stock worth $4,614,000 after acquiring an additional 903 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Invesco BuyBack Achievers ETF in the 4th quarter worth approximately $644,000.

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.