November 23, 2016 - By Richard Conner · 0 Comments
Nov 23 is a positive day so far for PowerShares Buyback Achievers ETF (NYSEARCA:PKW) as the ETF is active during the day after gaining 0.18% to hit $50.63 per share. The exchange traded fund has 1.59B net assets and 1.04% volatility this month.
Over the course of the day 4,543 shares traded hands, as compared to an average volume of 111,600 over the last 30 days for PowerShares Buyback Achievers ETF (NYSEARCA:PKW).
The ETF is -0.49% of its 52-Week High and 24.93% of its low, and is currently having ATR of 0.59. This year’s performance is 7.81% while this quarter’s performance is 2.42%.
The ETF’s YTD performance is 4.14%, the 1 year is 0.65% and the 3 year is 5.93%.
The ETF’s average P/E ratio is 16.18, the price to book is 2.23, the price to sales is 1.07 and the price to cashflow is 8.23. It was started on 12/20/2006. The fund’s top holdings are: QUALCOMM Incorporated for 5.08% of assets, McDonald’s Corporation Common S for 4.94%, Boeing Company (The) Common Sto for 4.64%, Mondelez International Inc. for 3.65%, American International Group I for 3.45%, Biogen Inc. for 3.20%, Lowe’s Companies Inc. Common S for 3.04%, Monsanto Company Common Stock for 2.30%, Express Scripts Holding Company for 2.22%, Northrop Grumman Corporation Co for 2.13%. The ETF sector weights are: Basic Materials 4.32%, Consumer Cyclical 22.10%, Financial Services 15.79%, Realestate 0.50%, Consumer Defensive 5.89%, Healthcare 8.19%, Utilities 0.80%, Communication Services 0.03%, Energy 2.46%, Industrials 25.50%, Technology 14.41%. The ETF currently as 1.39% yield.
More notable recent PowerShare Buyback Achievers Fund (ETF) (NYSEARCA:PKW) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on June 06, 2010, also Etftrends.com with their article: “Buyback ETFs Could Lead in 2017” published on November 22, 2016, Seekingalpha.com published: “Buybacks Vs. Dividends: PowerShares BuyBack Achievers Portfolio Comes Out On Top” on August 20, 2014. More interesting news about PowerShare Buyback Achievers Fund (ETF) (NYSEARCA:PKW) were released by: Zacks.com and their article: “Inside the New International Buyback Achievers ETF” published on March 04, 2014 as well as Wsj.com‘s news article titled: “An ETF Play on Buybacks” with publication date: June 02, 2013.
PowerShares Buyback Achievers Portfolio seeks investment results that correspond generally to the price and yield of the Share BuyBack Achievers Index (the Index). The ETF has a market cap of $1.59 billion. The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers. It currently has negative earnings. To become eligible for inclusion in the Index, a firm must be incorporated in the United States, trade on a United States exchange and must have repurchased at least 5% or more of its outstanding shares for the trailing 12 months.
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By Richard Conner