Wells Fargo & Company MN lessened its stake in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 50.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 135,704 shares of the exchange traded fund’s stock after selling 137,487 shares during the quarter. Wells Fargo & Company MN’s holdings in Invesco BuyBack Achievers ETF were worth $6,576,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. TFG Advisers LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF during the 4th quarter valued at $25,000. Ameritas Investment Company LLC bought a new position in shares of Invesco BuyBack Achievers ETF in the 4th quarter worth approximately $34,000. Assetmark Inc. bought a new stake in shares of Invesco BuyBack Achievers ETF during the fourth quarter valued at approximately $35,000. PSI Advisors LLC bought a new stake in shares of Invesco BuyBack Achievers ETF during the fourth quarter valued at approximately $35,000. Finally, Oxford Financial Group Ltd. bought a new position in Invesco BuyBack Achievers ETF in the first quarter worth $37,000.
NASDAQ:PKW opened at $56.69 on Wednesday. The firm’s 50-day moving average price is $56.41 and its 200-day moving average price is $59.56. Invesco BuyBack Achievers ETF has a 1-year low of $39.13 and a 1-year high of $70.70.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.339 per share. This is an increase from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, June 22nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.39%.
Invesco BuyBack Achievers ETF 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.
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