PKWInvesco BuyBack Achievers ETF
PKW Fund Description
The Invesco Buyback Achievers Portfolio tracks a market-cap-weighted index of stock in U.S. firms that repurchased at least 5% of their outstanding shares in the previous 12 months.
PKW Factset Analytics Insight
PKW holds stocks in firms that have purchased significant chunks of their own stock. The idea is simple: A firm's own managers know the best valuation of its stock, and if it's undervalued, they'll buy it up, assuming they have the cash. There are criticisms of this approach: perhaps the firm has nothing better to do with its earnings because it's a cash cow with no growth opportunities. Buybacks also buoy earnings-per-share without adding enterprise value. But for investors who want access to the buyback trend, PKW provides easy access, though it's worth noting that its novel thesis still yields a fund that looks like the broader market in some ways. Unlike some niche peer ETFs, the fund doesn't reach far down the market cap spectrum. Instead, large caps dominate PKW's small basket, which also has some major sector biases toward consumer cyclicals and away from healthcare. It trades easily with tight spreads. However, it is expensive to hold, with some high fees for its segment.
PKW MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 20, 2018 the Invesco BuyBack Achievers ETF MSCI ESG Fund Quality Score is 4.44 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. PKW ranks in the 6th percentile within its peer group and in the 17th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
PKW CHARTS AND PERFORMANCE
PKW Top 10 Countries
PKW Top 10 Sectors
PKW Top 10 Holdings [View All]
PKW Summary Data
PKW Portfolio Data
PKW Index Data
PKW Portfolio Management
PKW Tax Exposures
PKW Fund Structure
PKW Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PKW. PKW is rated a 5 out of 5.
PKW Sector/Industry Breakdown
PKW TOP 10 HOLDINGS[View All]
PKW Economic Development
PKW Performance Statistics
PKW MSCI ESG Ratings
PKW BENCHMARK COMPARISON SUMMARY
PKW BENCHMARK COMPARISON MARKET CAP SIZE