Retireful LLC Makes New $461,000 Investment in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Retireful LLC purchased a new position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) in the third quarter, Holdings Channel.com reports. The fund purchased 9,905 shares of the company’s stock, valued at approximately $461,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James & Associates boosted its holdings in shares of Invesco Dividend Achievers ETF by 59.6% during the 2nd quarter. Raymond James & Associates now owns 370,307 shares of the company’s stock valued at $15,801,000 after acquiring an additional 138,313 shares in the last quarter. Waverly Advisors LLC acquired a new position in shares of Invesco Dividend Achievers ETF in the first quarter valued at approximately $2,496,000. Atlas Private Wealth Advisors increased its stake in shares of Invesco Dividend Achievers ETF by 52.8% in the second quarter. Atlas Private Wealth Advisors now owns 139,730 shares of the company’s stock valued at $5,962,000 after buying an additional 48,270 shares during the period. Cetera Investment Advisers bought a new position in Invesco Dividend Achievers ETF in the 1st quarter valued at approximately $2,013,000. Finally, Stratos Wealth Partners LTD. boosted its position in Invesco Dividend Achievers ETF by 21.3% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 126,968 shares of the company’s stock worth $5,910,000 after buying an additional 22,261 shares during the period.

Invesco Dividend Achievers ETF Stock Performance

Shares of NASDAQ PFM opened at $46.78 on Wednesday. The firm has a 50 day moving average price of $46.52 and a two-hundred day moving average price of $44.56. The stock has a market cap of $714.83 million, a P/E ratio of 22.62 and a beta of 0.83. Invesco Dividend Achievers ETF has a 52-week low of $37.92 and a 52-week high of $47.80.

Invesco Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.173 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.69 dividend on an annualized basis and a yield of 1.48%.

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.