NEXT Financial Group Inc bought a new position in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 3,067 shares of the exchange traded fund’s stock, valued at approximately $192,000.
A number of other hedge funds also recently made changes to their positions in the business. FMR LLC raised its position in shares of Invesco BuyBack Achievers ETF by 72,700.0% during the first quarter. FMR LLC now owns 1,456 shares of the exchange traded fund’s stock worth $86,000 after purchasing an additional 1,454 shares during the period. Advisory Services Network LLC raised its position in Invesco BuyBack Achievers ETF by 9.2% in the 1st quarter. Advisory Services Network LLC now owns 7,817 shares of the exchange traded fund’s stock valued at $466,000 after buying an additional 657 shares during the last quarter. Muhlenkamp & Co. Inc. purchased a new stake in Invesco BuyBack Achievers ETF in the 1st quarter valued at $1,920,000. Northeast Financial Consultants Inc bought a new position in Invesco BuyBack Achievers ETF in the 1st quarter valued at $572,000. Finally, Private Advisor Group LLC bought a new position in Invesco BuyBack Achievers ETF in the 1st quarter valued at $4,626,000.
Shares of NASDAQ:PKW opened at $59.93 on Tuesday. The company has a fifty day simple moving average of $63.11. Invesco BuyBack Achievers ETF has a 1 year low of $48.95 and a 1 year high of $64.29.
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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