Cahill Financial Advisors Inc. Cuts Stock Position in Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Cahill Financial Advisors Inc. decreased its stake in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,351 shares of the exchange traded fund’s stock after selling 731 shares during the quarter. Invesco BuyBack Achievers ETF comprises about 0.8% of Cahill Financial Advisors Inc.’s investment portfolio, making the stock its 26th biggest holding. Cahill Financial Advisors Inc.’s holdings in Invesco BuyBack Achievers ETF were worth $5,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Valley Wealth Managers Inc. bought a new stake in Invesco BuyBack Achievers ETF during the 3rd quarter valued at about $90,000. Tyler Stone Wealth Management grew its holdings in shares of Invesco BuyBack Achievers ETF by 100.2% during the third quarter. Tyler Stone Wealth Management now owns 2,705 shares of the exchange traded fund’s stock valued at $310,000 after buying an additional 1,354 shares during the last quarter. Legacy Capital Wealth Partners LLC increased its position in shares of Invesco BuyBack Achievers ETF by 27.4% during the third quarter. Legacy Capital Wealth Partners LLC now owns 100,315 shares of the exchange traded fund’s stock valued at $10,957,000 after acquiring an additional 21,547 shares in the last quarter. Pacific Wealth Strategies Group Inc. lifted its position in Invesco BuyBack Achievers ETF by 8.6% in the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 114,159 shares of the exchange traded fund’s stock valued at $13,073,000 after acquiring an additional 9,046 shares in the last quarter. Finally, US Bancorp DE lifted its position in Invesco BuyBack Achievers ETF by 23.7% in the 3rd quarter. US Bancorp DE now owns 2,786 shares of the exchange traded fund’s stock valued at $319,000 after acquiring an additional 533 shares in the last quarter.

Invesco BuyBack Achievers ETF Trading Up 0.7 %

Shares of PKW opened at $123.75 on Friday. Invesco BuyBack Achievers ETF has a 12 month low of $91.24 and a 12 month high of $123.86. The business’s fifty day simple moving average is $116.40 and its two-hundred day simple moving average is $109.57. The company has a market cap of $1.31 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. Investors of record on Monday, September 23rd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.74%. This is an increase from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, September 23rd.

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.