American Capital Advisory LLC Buys New Shares in Invesco Dividend Achievers ETF (NASDAQ:PFM)

American Capital Advisory LLC bought a new stake in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,358 shares of the company’s stock, valued at approximately $63,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Avantax Advisory Services Inc. lifted its position in shares of Invesco Dividend Achievers ETF by 18.5% in the first quarter. Avantax Advisory Services Inc. now owns 34,622 shares of the company’s stock valued at $1,474,000 after acquiring an additional 5,398 shares in the last quarter. CreativeOne Wealth LLC lifted its position in shares of Invesco Dividend Achievers ETF by 10.4% in the first quarter. CreativeOne Wealth LLC now owns 53,045 shares of the company’s stock valued at $2,258,000 after acquiring an additional 4,988 shares in the last quarter. Waverly Advisors LLC purchased a new position in shares of Invesco Dividend Achievers ETF in the first quarter valued at about $2,496,000. Citizens Financial Group Inc. RI lifted its position in shares of Invesco Dividend Achievers ETF by 0.4% in the first quarter. Citizens Financial Group Inc. RI now owns 117,672 shares of the company’s stock valued at $5,009,000 after acquiring an additional 415 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of Invesco Dividend Achievers ETF in the first quarter valued at about $2,013,000.

Invesco Dividend Achievers ETF Stock Performance

Shares of Invesco Dividend Achievers ETF stock traded up $0.98 during trading hours on Wednesday, hitting $47.12. The company’s stock had a trading volume of 2,637 shares, compared to its average volume of 27,098. The company has a market cap of $719.99 million, a PE ratio of 22.62 and a beta of 0.83. Invesco Dividend Achievers ETF has a 12-month low of $36.75 and a 12-month high of $47.35. The business has a 50 day moving average price of $46.17 and a two-hundred day moving average price of $44.13.

Invesco Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a $0.173 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.47%.

Invesco Dividend Achievers ETF Profile

PowerShares Dividend Achievers Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Broad Dividend Achievers Index (the Index). The Index is designed to identify a diversified group of dividend paying companies. These companies have increased their annual dividend for 10 or more consecutive fiscal years.