Cornerstone Wealth Management LLC raised its holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW – Free Report) by 17.3% during the second quarter, Holdings Channel.com reports. The firm owned 11,024 shares of the exchange traded fund’s stock after purchasing an additional 1,622 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Invesco BuyBack Achievers ETF were worth $1,145,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. purchased a new position in Invesco BuyBack Achievers ETF in the first quarter worth $29,000. Russell Investments Group Ltd. acquired a new stake in shares of Invesco BuyBack Achievers ETF in the first quarter valued at about $32,000. Advisory Services Network LLC purchased a new stake in Invesco BuyBack Achievers ETF during the fourth quarter worth about $169,000. Tidemark LLC acquired a new position in Invesco BuyBack Achievers ETF during the fourth quarter worth about $192,000. Finally, Coppell Advisory Solutions Corp. purchased a new position in Invesco BuyBack Achievers ETF in the first quarter valued at about $203,000.
Invesco BuyBack Achievers ETF Price Performance
Shares of PKW stock traded up $1.24 during midday trading on Thursday, reaching $107.98. 8,089 shares of the company traded hands, compared to its average volume of 18,594. The firm’s 50 day simple moving average is $105.05 and its two-hundred day simple moving average is $104.08. The firm has a market cap of $1.13 billion, a PE ratio of 12.93 and a beta of 1.09. Invesco BuyBack Achievers ETF has a 1-year low of $84.19 and a 1-year high of $110.84.
Invesco BuyBack Achievers ETF Cuts Dividend
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.
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