XML Financial LLC Decreases Stake in Invesco Dividend Achievers ETF (NASDAQ:PFM)

XML Financial LLC decreased its holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 10.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,317 shares of the company’s stock after selling 617 shares during the period. XML Financial LLC’s holdings in Invesco Dividend Achievers ETF were worth $244,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dorsey Wright & Associates acquired a new stake in shares of Invesco Dividend Achievers ETF in the third quarter worth $2,329,000. Miracle Mile Advisors LLC acquired a new stake in Invesco Dividend Achievers ETF in the 4th quarter valued at $1,090,000. Stratos Wealth Partners LTD. increased its holdings in Invesco Dividend Achievers ETF by 21.3% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 126,968 shares of the company’s stock valued at $5,910,000 after purchasing an additional 22,261 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Invesco Dividend Achievers ETF by 3.9% during the third quarter. Raymond James & Associates now owns 384,769 shares of the company’s stock worth $17,911,000 after purchasing an additional 14,462 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. acquired a new position in shares of Invesco Dividend Achievers ETF during the third quarter worth about $624,000.

Invesco Dividend Achievers ETF Stock Performance

PFM stock opened at $47.45 on Friday. The stock has a 50-day simple moving average of $46.80 and a 200-day simple moving average of $45.90. The firm has a market cap of $724.56 million, a P/E ratio of 22.62 and a beta of 0.83. Invesco Dividend Achievers ETF has a 1 year low of $40.21 and a 1 year high of $48.28.

Invesco Dividend Achievers ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.1813 per share. The ex-dividend date was Monday, December 23rd.

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.