Financial Advocates Investment Management Has $379,000 Stock Holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Financial Advocates Investment Management decreased its holdings in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 17.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,290 shares of the exchange traded fund’s stock after selling 709 shares during the period. Financial Advocates Investment Management’s holdings in Invesco BuyBack Achievers ETF were worth $379,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PKW. Private Wealth Management Group LLC bought a new stake in shares of Invesco BuyBack Achievers ETF in the 4th quarter worth about $75,000. Stratos Wealth Partners LTD. increased its holdings in shares of Invesco BuyBack Achievers ETF by 6.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,639 shares of the exchange traded fund’s stock worth $764,000 after buying an additional 401 shares in the last quarter. Avantra Family Wealth Inc. acquired a new stake in shares of Invesco BuyBack Achievers ETF during the fourth quarter worth approximately $359,000. Crews Bank & Trust bought a new position in shares of Invesco BuyBack Achievers ETF in the fourth quarter valued at approximately $46,000. Finally, Cornerstone Wealth Management LLC boosted its holdings in shares of Invesco BuyBack Achievers ETF by 10.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 11,585 shares of the exchange traded fund’s stock worth $1,334,000 after acquiring an additional 1,053 shares in the last quarter.

Invesco BuyBack Achievers ETF Price Performance

PKW stock opened at $119.12 on Monday. The business has a fifty day moving average price of $118.44 and a 200 day moving average price of $115.34. Invesco BuyBack Achievers ETF has a fifty-two week low of $99.16 and a fifty-two week high of $125.31. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Dividend Announcement

The firm also recently announced 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 of this dividend 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.