Focus Financial Network Inc. Buys 4,228 Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM)

Focus Financial Network Inc. lifted its position in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 3.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 117,679 shares of the company’s stock after purchasing an additional 4,228 shares during the quarter. Focus Financial Network Inc. owned 0.77% of Invesco Dividend Achievers ETF worth $5,242,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Tidemark LLC bought a new position in Invesco Dividend Achievers ETF in the 4th quarter worth approximately $47,000. Capital Investment Advisory Services LLC lifted its stake in shares of Invesco Dividend Achievers ETF by 19.5% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,058 shares of the company’s stock valued at $122,000 after acquiring an additional 500 shares during the period. Northwest Financial Advisors bought a new position in Invesco Dividend Achievers ETF in the fourth quarter valued at about $218,000. Steward Partners Investment Solutions LLC acquired a new stake in Invesco Dividend Achievers ETF in the fourth quarter worth about $288,000. Finally, United Advisor Group LLC bought a new stake in Invesco Dividend Achievers ETF during the 4th quarter worth about $333,000.

Invesco Dividend Achievers ETF Stock Performance

Invesco Dividend Achievers ETF stock traded down $0.03 during trading hours on Tuesday, reaching $44.92. 15,682 shares of the company’s stock traded hands, compared to its average volume of 25,784. Invesco Dividend Achievers ETF has a fifty-two week low of $35.18 and a fifty-two week high of $44.98. The firm’s 50 day moving average is $43.48 and its 200-day moving average is $42.32. The firm has a market capitalization of $681.89 million, a price-to-earnings ratio of 22.62 and a beta of 0.83.

Invesco Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a $0.1922 dividend. 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. This represents a $0.77 dividend on an annualized basis and a yield of 1.71%.

About Invesco Dividend Achievers ETF

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.