Koshinski Asset Management Inc. Has $793,000 Stock Position in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Koshinski Asset Management Inc. cut its position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 34.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,625 shares of the company’s stock after selling 9,715 shares during the period. Koshinski Asset Management Inc. owned 0.12% of Invesco Dividend Achievers ETF worth $793,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Key Financial Inc raised its holdings in Invesco Dividend Achievers ETF by 77.6% during the fourth quarter. Key Financial Inc now owns 2,849 shares of the company’s stock valued at $114,000 after buying an additional 1,245 shares in the last quarter. Flaharty Asset Management LLC grew its holdings in Invesco Dividend Achievers ETF by 0.5% during the fourth quarter. Flaharty Asset Management LLC now owns 752,530 shares of the company’s stock valued at $30,018,000 after purchasing an additional 3,466 shares during the last quarter. Raymond James & Associates raised its position in shares of Invesco Dividend Achievers ETF by 3.6% in the fourth quarter. Raymond James & Associates now owns 238,698 shares of the company’s stock valued at $9,522,000 after purchasing an additional 8,197 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in shares of Invesco Dividend Achievers ETF by 97.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 16,202 shares of the company’s stock worth $646,000 after buying an additional 8,002 shares during the period. Finally, SteelPeak Wealth LLC bought a new stake in Invesco Dividend Achievers ETF during the 4th quarter valued at approximately $1,177,000.

Invesco Dividend Achievers ETF Stock Performance

Shares of PFM traded down $0.03 during mid-day trading on Friday, hitting $44.18. The company’s stock had a trading volume of 2,120 shares, compared to its average volume of 27,010. The stock’s 50-day moving average is $42.85 and its two-hundred day moving average is $41.70. The firm has a market capitalization of $672.42 million, a PE ratio of 22.62 and a beta of 0.83. Invesco Dividend Achievers ETF has a one year low of $35.18 and a one year high of $44.74.

Invesco Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a $0.1922 dividend. This represents a $0.77 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Monday, June 24th. This is a boost from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18.

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.