Consolidated Planning Corp Makes New Investment in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Consolidated Planning Corp bought a new stake in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,444 shares of the company’s stock, valued at approximately $275,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Private Advisor Group LLC grew its stake in Invesco Dividend Achievers ETF by 18.3% in the fourth quarter. Private Advisor Group LLC now owns 32,866 shares of the company’s stock worth $1,311,000 after purchasing an additional 5,092 shares in the last quarter. Northwest Financial Advisors bought a new position in shares of Invesco Dividend Achievers ETF during the 4th quarter worth $218,000. Wells Fargo & Company MN increased its stake in shares of Invesco Dividend Achievers ETF by 0.5% during the fourth quarter. Wells Fargo & Company MN now owns 166,296 shares of the company’s stock valued at $6,634,000 after buying an additional 838 shares during the period. CreativeOne Wealth LLC raised its holdings in shares of Invesco Dividend Achievers ETF by 346.4% in the fourth quarter. CreativeOne Wealth LLC now owns 48,057 shares of the company’s stock valued at $1,917,000 after acquiring an additional 37,292 shares in the last quarter. Finally, Tidemark LLC purchased a new stake in Invesco Dividend Achievers ETF in the fourth quarter worth about $47,000.

Invesco Dividend Achievers ETF Stock Performance

NASDAQ PFM opened at $45.49 on Thursday. Invesco Dividend Achievers ETF has a one year low of $35.18 and a one year high of $45.93. The company has a market capitalization of $690.47 million, a price-to-earnings ratio of 22.62 and a beta of 0.83. The company’s 50-day simple moving average is $44.03 and its two-hundred day simple moving average is $42.68.

Invesco Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a dividend of $0.1922 per share. The ex-dividend date was Monday, June 24th. This represents a $0.77 dividend on an annualized basis and a yield of 1.69%. This is a positive change from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18.

Invesco Dividend Achievers ETF Company 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.