Invesco BuyBack Achievers ETF Overview
The Invesco BuyBack Achievers ETF has a market cap of $1.22 billion, with a price-to-earnings ratio of 12.93 and a beta of 1.09. Its 50-day moving average price is $110.62, and its 200-day moving average is $106.76.
Dividend Increase Announcement
Recently, the ETF increased its quarterly dividend to $0.23, paid on September 27. Investors who held shares as of September 23 received this payment. This is up from the previous dividend of $0.22, representing an annual yield of 0.79%.
Institutional Investor Activity
Hedge funds have adjusted their holdings in the ETF. Notable changes include:
- Pacific Wealth Strategies Group raised its stake by 0.7%.
- Curtis Advisory Group increased its position by 0.5%.
- Legacy Capital acquired new shares valued at $8.18 million.
- Raymond James raised its holdings by 37.6%.
- B. Riley Wealth Advisors also established a new position.
Company Profile
The PowerShares Buyback Achievers Portfolio aims to match the price and yield of the Share BuyBack Achievers Index, which tracks companies that have repurchased at least 5% of their outstanding shares over the past year.
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