Raymond James Financial Inc. Invests $28.80 Million in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Raymond James Financial Inc. acquired a new position in Invesco BuyBack Achievers ETF (NASDAQ:PKW) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 250,185 shares of the exchange traded fund’s stock, valued at approximately $28,804,000. Raymond James Financial Inc. owned about 2.36% of Invesco BuyBack Achievers ETF at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its holdings 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 worth $999,000 after buying an additional 3,754 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Invesco BuyBack Achievers ETF in the fourth quarter worth about $92,000. Noble Wealth Management PBC acquired a new position in shares of Invesco BuyBack Achievers ETF in the fourth quarter worth about $54,000. Ergawealth Advisors Inc. boosted its holdings in shares of Invesco BuyBack Achievers ETF by 6.8% in the fourth quarter. Ergawealth Advisors Inc. now owns 3,576 shares of the exchange traded fund’s stock worth $412,000 after buying an additional 228 shares during the period. Finally, BankPlus Trust Department acquired a new position in shares of Invesco BuyBack Achievers ETF in the fourth quarter worth about $1,403,000.

Invesco BuyBack Achievers ETF Price Performance

Shares of PKW opened at $111.82 on Friday. Invesco BuyBack Achievers ETF has a one year low of $101.26 and a one year high of $125.31. The company has a 50-day moving average of $117.10 and a two-hundred day moving average of $116.68. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 17.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Announces Dividend

The company also recently announced 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 of this dividend was Monday, December 23rd.

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.