Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Unusually-High Trading Volume – Time to Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKW) saw unusually-high trading volume on Tuesday . Approximately 85,583 shares traded hands during trading, an increase of 388% from the previous session’s volume of 17,520 shares.The stock last traded at $115.71 and had previously closed at $116.71.

Invesco BuyBack Achievers ETF Trading Down 0.5 %

The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09. The firm has a 50-day moving average of $112.45 and a 200-day moving average of $107.28.

Invesco BuyBack Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Monday, September 23rd. This is an increase from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in Invesco BuyBack Achievers ETF in the 1st quarter worth approximately $32,000. Larson Financial Group LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF in the 2nd quarter valued at $31,000. Mendota Financial Group LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF in the third quarter worth $59,000. Lion Street Advisors LLC purchased a new position in shares of Invesco BuyBack Achievers ETF during the third quarter worth $202,000. Finally, Dynamic Advisor Solutions LLC acquired a new position in Invesco BuyBack Achievers ETF during the third quarter valued at $203,000.

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.