Summary
PKW Chart
PKW: Mixed Feelings About Invesco's Long-Running Buyback ETF
Invesco Buyback Achievers ETF is upgraded from 'sell' to 'hold' due to improving value ETF fundamentals, despite skepticism about its buyback-driven strategy. PKW's methodology—adding/removing stocks based on a 5% buyback yield—misaligns with long-term company strategies, leading to questionable execution. PKW's fundamentals, including accelerating EPS growth and discounted P/E, are competitive but slightly lag peers in quality and growth metrics.
This $1.5 Billion ETF Targets Companies Actually Reducing Share Counts, Not Just Talking About It
Share buybacks have become one of corporate America's favorite ways to return cash to shareholders.
PKW: Don't Miss The Growth From This Value-Oriented Fund
Invesco BuyBack Achievers ETF earns a Buy rating for its strong track record and unique buyback-focused strategy. PKW offers diversification across all 11 sectors, with notable weights in financials, consumer cyclicals, and health care, and a mid-cap tilt. Despite value-like metrics—forward PE of 12.83 and price-to-book of 2.25—PKW's returns have closely matched the S&P 500 over the past decade.
Invesco BuyBack Achievers ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 5,343 | $568,670.91 | $766,800.64 | $198,129.73 | 34.84% |
| TMB Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 8,121 | $1.02M | $1.17M | $148,538.15 | 14.61% |
 Means Investment Company Means Investment Company Inc. | 3,236 | $174,708.6 | $464,414.54 | $289,705.94 | 165.82% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 451 | $49,877.48 | $64,619.91 | $14,742.43 | 29.56% |
| RS Ramu Singh CALTON & ASSOCIATES Inc. | 5,531 | $623,177.77 | $793,781.46 | $170,603.69 | 27.38% |
Invesco BuyBack Achievers ETF (PKW) FAQ
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Invesco BuyBack Achievers ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The company operates an investment fund that primarily focuses on investment strategies aligned with the NASDAQ's selection criteria for "BuyBack Achievers TM." It dedicates at least 90% of its total assets to securities included within the underlying index. These securities are chosen based on a proprietary selection methodology, which seeks to identify companies with a strong history of share buybacks. The rigorous selection process aims to include companies that have demonstrated a commitment to returning value to shareholders through consistent share repurchase programs.
Products and Services
- Investment in BuyBack Achievers TM
This service revolves around investing in companies that are part of the "BuyBack Achievers TM" index. These are companies that have been identified through a proprietary methodology for having robust share repurchase programs. Investing in these companies aims to leverage the potential market performance associated with firms that actively buy back their shares, theoretically signaling confidence in their own future and potentially leading to higher stock prices.
- Proprietary Selection Methodology
The fund utilizes a unique selection methodology to identify and include securities in its portfolio. This methodology is designed to assess companies based on specific criteria related to their share repurchase activities. The focus is on companies that not only buy back their shares but also meet other financial health indicators, creating a portfolio of securities that is expected to perform well based on the underlying index's strategy.
