Invesco BuyBack Achievers ETF
PKW
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 11 Greenway Plaza, Suite 1000 Houston TX United States of America 77046
- IPO Date
- Dec 20, 2006
- CIK
- 0001209466
- Website
- invesco.com
- Similar Companies
- Business
- Invesco BuyBack Achievers ETF (PKW) is an exchange-traded fund that tracks the Nasdaq US Smart Buyback Achievers Index, focusing on U.S. companies that demonstrate shareholder-friendly capital allocation through significant share repurchases. The ETF provides investors with exposure to a portfolio of equities selected based on buyback achievement scores, which measure the ratio of repurchase activity to market capitalization; it employs a modified equal-weighting methodology across large-cap, mid-cap, and small-cap stocks meeting specific repurchase yield thresholds, market capitalization minimums, and liquidity criteria. PKW offers daily liquidity on the NYSE Arca exchange, low expense ratio management, and dividend reinvestment options for long-term capital appreciation and income generation. Operated by Invesco Ltd., a global investment management firm founded in 1935 and headquartered in Atlanta, Georgia, the ETF serves institutional and retail investors targeting U.S. equity markets with a value-oriented, buyback-driven strategy. Geographically, PKW's holdings are concentrated in the United States, spanning sectors such as financials, industrials, consumer discretionary, and technology; key constituents include companies like AutoZone, T-Mobile US, and Marathon Petroleum that have executed robust share repurchase programs. The fund maintains a diversified portfolio of approximately 100-150 stocks, rebalanced quarterly to reflect index methodology updates. Recent developments include Invesco's ongoing enhancements to its ETF suite amid market volatility in 2024-2025, such as expanded marketing efforts for buyback-focused products in response to heightened corporate repurchase activity under favorable tax and regulatory environments; no major structural changes, acquisitions, or index methodology overhauls have been announced for PKW in the past 1-2 years. Invesco Ltd., as sponsor, continues strategic alliances with Nasdaq for index licensing and technology providers for trading efficiency, while adapting to U.S. Securities and Exchange Commission rule updates on ETF disclosures and liquidity risk management.