Invesco BuyBack Achievers ETF

PKW

Market cap $1.49B

Overview Fund Activity

131.53 USD

+0.49

0.37%

At close Updated Sep 17, 4:00 PM EDT

1 day

0.37%

5 days

0.11%

1 month

2.45%

3 months

9.99%

6 months

15.83%

Year to date

14.16%

1 year

17.78%

5 years

113.31%

10 years

187.06%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

225% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 8

60% more repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 48

17% more capital invested

Capital invested by funds: $476M [Q1] → $559M (+$82.9M) [Q2]

7% more funds holding

Funds holding: 212 [Q1] → 226 (+14) [Q2]

1.66% more ownership

Funds ownership: 40.0% [Q1] → 41.66% (+1.66%) [Q2]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q1] → 3 (-1) [Q2]

See Fund Rankings

Financial journalist opinion

PKW: A One-Stop Shop For Buyback Achievers From The US

PKW targets over 200 US 'Buyback Achievers,' favoring value stocks with strong cash balances and a cyclical tilt, especially towards financials. The Invesco Buyback Achievers ETF employs full replication for accurate index tracking but has an elevated turnover rate that averages 70% p.a. PKW suits value-oriented investors seeking exposure to companies with robust buyback activity, but it isn't ideal for those prioritizing yield or portfolio stability.

PKW: A One-Stop Shop For Buyback Achievers From The US

Buyback Bonanza Boosting Stocks

S&P 500 dividend growth remains sturdy. But more and more companies are leaning into share repurchase programs as avenues for returning capital to shareholders.

Buyback Bonanza Boosting Stocks

Inexpensive BuyBack Achievers Outperforming, Expecting More Upside

I reiterate my 'Buy' rating on PKW, citing its low valuation and strong momentum despite macro uncertainty and sector headwinds. PKW's focus on companies with significant share buybacks provides bullish corporate signals and has delivered YTD outperformance versus the S&P 500. The ETF's portfolio is underweight large-cap growth and tech, but compelling valuations (P/E < 14, PEG 1.54x) and solid EPS growth support the thesis.

Inexpensive BuyBack Achievers Outperforming, Expecting More Upside

Two ETFs that have beaten value stock indexes with this simple approach

These funds steer clear of typical value metrics that are based on price ratios.

Two ETFs that have beaten value stock indexes with this simple approach

PKW: Buybacks, Another Way To Pay Shareholders

Invesco BuyBack Achievers ETF focuses on U.S. companies that have reduced shares outstanding by at least 5% in the past year. I perform a back test of buyback yield. The PKW ETF has a value-oriented portfolio, heavily weighted in financials and consumer discretionary sectors, with significant exposure to mid-cap stocks.

PKW: Buybacks, Another Way To Pay Shareholders

PKW: Record Buybacks In 2024, This Low P/E Fund Remains A Buy

The record year for share-repurchase authorizations highlights strong free cash flow and well-capitalized US large caps, with low M&A trends favoring buybacks. I reiterate a buy rating on the Invesco BuyBack Achievers ETF, despite its moderate to high expense ratio and mixed liquidity. PKW offers a value-oriented portfolio with a low P/E ratio, though it has a cyclical risk profile and concentration in Consumer Discretionary.

PKW: Record Buybacks In 2024, This Low P/E Fund Remains A Buy

PKW: A Cheap Buyback ETF Outperforming Value Plays

The Invesco BuyBack Achievers ETF focuses on companies with consistent share buybacks, offering a value-oriented portfolio with a P/E ratio of 14.3x. PKW's portfolio is diversified across sectors, with significant overweight in consumer discretionary and industrials, and underweight in technology, consumer staples, and utilities. PKW's low valuation and high growth profile make it an attractive alternative to typical dividend and value ETFs.

PKW: A Cheap Buyback ETF Outperforming Value Plays

PKW: Seemingly Robust Buyback-Focused Strategy, But Soft Performance

PKW's strategy is focused on U.S. companies that are executing share repurchase programs. PKW's portfolio has a value tilt. It has an adjusted EY higher than that of IVV. Its quality is comparatively strong, but its growth characteristics are lagging. With a few robust years in the books, PKW was nonetheless unable to consistently outperform IVV and a few peers.

PKW: Seemingly Robust Buyback-Focused Strategy, But Soft Performance

Zacks Investment Research

S&P 500 Firms Boost Stock Buybacks in Q1: ETF to Tap

Stock buybacks are back in vogue this year. Stock buybacks by S&P 500 companies increased 9.9% year over year and 8.1% sequentially in the first quarter of 2024.

S&P 500 Firms Boost Stock Buybacks in Q1: ETF to Tap

Zacks Investment Research

5 ETFs to Play the Burgeoning Corporate Buybacks

Corporate buybacks have been rising fast in America thanks to upbeat earnings and higher cash flow generation.

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