Lodestar Private Asset Management LLC Makes New Investment in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Lodestar Private Asset Management LLC bought a new position in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,914 shares of the exchange traded fund’s stock, valued at approximately $219,000.

Other hedge funds also recently bought and sold shares of the company. Private Advisor Group LLC lifted its stake in Invesco BuyBack Achievers ETF by 2.9% in the third quarter. Private Advisor Group LLC now owns 28,916 shares of the exchange traded fund’s stock worth $3,311,000 after acquiring an additional 820 shares during the last quarter. Cetera Investment Advisers raised its holdings in Invesco BuyBack Achievers ETF by 205.6% during the first quarter. Cetera Investment Advisers now owns 27,110 shares of the exchange traded fund’s stock worth $2,934,000 after purchasing an additional 18,240 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Invesco BuyBack Achievers ETF during the second quarter worth approximately $273,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Invesco BuyBack Achievers ETF by 1.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 42,822 shares of the exchange traded fund’s stock valued at $4,449,000 after acquiring an additional 732 shares during the period. Finally, Mission Wealth Management LP acquired a new position in shares of Invesco BuyBack Achievers ETF in the 1st quarter valued at $216,000.

Invesco BuyBack Achievers ETF Price Performance

Shares of Invesco BuyBack Achievers ETF stock opened at $114.58 on Thursday. Invesco BuyBack Achievers ETF has a 12 month low of $85.07 and a 12 month high of $117.88. The firm’s fifty day simple moving average is $112.99 and its 200-day simple moving average is $107.56. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Monday, September 23rd. This is a positive change from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22.

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.