PKWInvesco BuyBack Achievers ETF
PKW Fund Description
PKW tracks a market-cap-weighted index of stock in US 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 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. The Fund and the Index are reconstituted annually and rebalanced quarterly.
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 Benchmark Comparison Summary
PKW Benchmark Comparison Market Cap Size