SteelPeak Wealth LLC Reduces Stock Position in Invesco Dividend Achievers ETF (NASDAQ:PFM)

SteelPeak Wealth LLC cut its stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 41.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,283 shares of the company’s stock after selling 12,227 shares during the period. SteelPeak Wealth LLC owned approximately 0.11% of Invesco Dividend Achievers ETF worth $736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Tidemark LLC purchased a new position in Invesco Dividend Achievers ETF in the fourth quarter worth approximately $47,000. Key Financial Inc grew its position in Invesco Dividend Achievers ETF by 77.6% in the fourth quarter. Key Financial Inc now owns 2,849 shares of the company’s stock worth $114,000 after acquiring an additional 1,245 shares during the period. Capital Investment Advisory Services LLC grew its position in Invesco Dividend Achievers ETF by 19.5% in the fourth quarter. Capital Investment Advisory Services LLC now owns 3,058 shares of the company’s stock worth $122,000 after acquiring an additional 500 shares during the period. Financial Guidance Group Inc. purchased a new position in Invesco Dividend Achievers ETF in the fourth quarter worth approximately $204,000. Finally, Northwest Financial Advisors purchased a new position in Invesco Dividend Achievers ETF in the fourth quarter worth approximately $218,000.

Invesco Dividend Achievers ETF Stock Down 0.1 %

NASDAQ:PFM traded down $0.03 during trading hours on Friday, reaching $42.67. 27,311 shares of the stock were exchanged, compared to its average volume of 27,981. The business has a 50-day moving average of $42.26 and a two-hundred day moving average of $41.36. Invesco Dividend Achievers ETF has a twelve month low of $35.18 and a twelve month high of $43.31. The company has a market capitalization of $662.67 million, a price-to-earnings ratio of 22.62 and a beta of 0.83.

Invesco Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a dividend of $0.1922 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.80%. This is a boost from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, June 24th.

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.