Key stats
About Invesco Buyback Achievers ETF
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Inception date
Dec 20, 2006
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
ISIN
US46137V3087
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.73%
Finance26.22%
Health Services8.94%
Energy Minerals8.87%
Retail Trade8.29%
Technology Services8.18%
Commercial Services7.77%
Consumer Durables7.07%
Non-Energy Minerals5.39%
Consumer Services4.27%
Consumer Non-Durables3.39%
Producer Manufacturing2.77%
Health Technology1.90%
Process Industries1.87%
Utilities1.49%
Distribution Services1.12%
Electronic Technology0.77%
Industrial Services0.68%
Transportation0.53%
Communications0.17%
Miscellaneous0.04%
Bonds, Cash & Other0.27%
Mutual fund0.27%
Stock breakdown by region
North America97.00%
Europe3.00%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PKW invests in stocks. The fund's major sectors are Finance, with 26.22% stocks, and Health Services, with 8.94% of the basket. The assets are mostly located in the North America region.
PKW top holdings are Goldman Sachs Group, Inc. and Chevron Corporation, occupying 5.47% and 5.34% of the portfolio correspondingly.
PKW last dividends amounted to 0.38 USD. The quarter before, the issuer paid 0.37 USD in dividends, which shows a 1.54% increase.
PKW assets under management is 1.51 B USD. It's risen 5.45% over the last month.
PKW fund flows account for 116.60 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PKW pays dividends to its holders with the dividend yield of 0.86%. The last dividend (Sep 26, 2025) amounted to 0.38 USD. The dividends are paid quarterly.
PKW shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Dec 20, 2006, and its management style is Passive.
PKW expense ratio is 0.62% meaning you'd have to pay 0.62% of your investment to help manage the fund.
PKW follows the NASDAQ US Buyback Achievers Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PKW invests in stocks.
PKW price has risen by 2.19% over the last month, and its yearly performance shows a 16.59% increase. See more dynamics on PKW price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.39% over the last month, showed a 9.95% increase in three-month performance and has increased by 19.12% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.39% over the last month, showed a 9.95% increase in three-month performance and has increased by 19.12% in a year.
PKW trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.