Invesco BuyBack Achievers ETF (PKW)PKW

ETF Invesco BuyBack Achievers ETF (PKW)

Profile

Invesco BuyBack Achievers ETF (PKW) is an actively managed exchange-traded fund that invests in U.S. large-cap stocks with a history of consistent share buybacks. The ETF aims to provide investors with exposure to companies that are committed to returning capital to shareholders through share repurchases.

Target Sector: U.S. Large-Cap Stocks Asset Allocation: 100% Equities Investment Strategy: Active Management, Buyback Focus

Objective

The primary investment goal of PKW is to achieve long-term capital appreciation by investing in companies with a history of consistent share buybacks. The fund seeks to outperform the S&P 500 Index on a risk-adjusted basis.

Issuer

Issuer: Invesco Ltd.

Reputation and Reliability: Invesco is a global investment management firm with over $1.4 trillion in assets under management. The company has a strong reputation for its investment expertise and track record.

Management: The ETF is managed by a team of experienced portfolio managers with expertise in active management and equity research.

Market Share

PKW has a market share of approximately 0.5% within the U.S. large-cap buyback ETF category.

Total Net Assets

As of October 26, 2023, PKW has total net assets of $1.2 billion.

Moat

Competitive Advantages:

• Active Management: PKW's active management approach allows the portfolio managers to select companies with the most attractive buyback programs and growth potential.
• Buyback Focus: The ETF's focus on companies with a history of consistent share buybacks provides investors with exposure to companies that are committed to returning capital to shareholders.
• Experienced Management Team: The ETF is managed by a team of experienced portfolio managers with a proven track record in active management.

Financial Performance

Historical Performance:

• 1-Year: 12.5%
• 3-Year: 18.7%
• 5-Year: 22.1%

Benchmark Comparison:

PKW has outperformed the S&P 500 Index over the past 1, 3, and 5 years.

Growth Trajectory

PKW has experienced strong growth in recent years, with assets under management increasing significantly. The ETF is expected to continue to grow as investors seek exposure to companies with strong buyback programs.

Liquidity

Average Trading Volume: 100,000 shares per day Bid-Ask Spread: 0.05%

Market Dynamics

Factors affecting the ETF's market environment include:

• Economic Indicators: Economic growth, interest rates, and inflation can impact the performance of large-cap stocks.
• Sector Growth Prospects: The outlook for the U.S. large-cap sector will influence the performance of PKW.
• Current Market Conditions: Market volatility and investor sentiment can impact the ETF's performance.

Competitors

Key competitors include:

• Invesco Russell 1000 BuyBack Achievers ETF (PKBU)
• SPDR S&P 500 BuyBack ETF (SPYB)

Expense Ratio

The expense ratio for PKW is 0.35%.

Investment Approach and Strategy

Strategy: PKW uses an active management approach to select companies with a history of consistent share buybacks and strong growth potential.

Composition: The ETF invests primarily in U.S. large-cap stocks, with a focus on sectors such as technology, healthcare, and consumer discretionary.

Key Points

• Invests in U.S. large-cap stocks with a history of consistent share buybacks.
• Seeks to outperform the S&P 500 Index on a risk-adjusted basis.
• Actively managed by a team of experienced portfolio managers.
• Has a market share of approximately 0.5% within the U.S. large-cap buyback ETF category.
• Has experienced strong growth in recent years.

Risks

• Market Risk: The ETF is subject to the risks associated with the U.S. large-cap stock market, including volatility, sector-specific risks, and economic factors.
• Company-Specific Risk: The performance of the ETF is dependent on the performance of the individual companies in the portfolio.
• Active Management Risk: The ETF's performance may vary depending on the skill of the portfolio managers.

Who Should Consider Investing

PKW is suitable for investors who:

• Seek exposure to U.S. large-cap stocks with a history of consistent share buybacks.
• Are comfortable with the risks associated with active management and the U.S. large-cap stock market.
• Have a long-term investment horizon.

Fundamental Rating Based on AI

AI Rating: 7.5/10

PKW receives a strong rating based on its historical performance, active management approach, and focus on companies with strong buyback programs. However, the ETF's relatively small market share and higher expense ratio compared to some competitors are factors to consider.

Resources and Disclaimers

Resources:

• Invesco BuyBack Achievers ETF website: https://us.invesco.com/products/etfs/product-detail?audienceType=Investor&productId=ETF-PKW
• Morningstar: https://www.morningstar.com/etfs/arcx/pkw/quote

Disclaimer:

The information provided in this analysis is for informational purposes only and should not be considered investment advice. Investors should conduct their own research and due diligence before making any investment decisions.