Stratos Wealth Partners LTD. Sells 40,633 Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM)

Stratos Wealth Partners LTD. lowered its stake in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 32.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,335 shares of the company’s stock after selling 40,633 shares during the period. Stratos Wealth Partners LTD. owned approximately 0.57% of Invesco Dividend Achievers ETF worth $3,959,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. acquired a new stake in Invesco Dividend Achievers ETF during the 4th quarter worth $55,000. American Capital Advisory LLC acquired a new stake in shares of Invesco Dividend Achievers ETF during the third quarter worth about $63,000. Paladin Wealth LLC bought a new position in shares of Invesco Dividend Achievers ETF during the 3rd quarter valued at about $70,000. Simmons Bank acquired a new position in shares of Invesco Dividend Achievers ETF in the 3rd quarter valued at approximately $200,000. Finally, Atria Investments Inc acquired a new stake in Invesco Dividend Achievers ETF during the 3rd quarter worth approximately $268,000.

Invesco Dividend Achievers ETF Stock Performance

Shares of PFM opened at $47.76 on Friday. The firm’s 50 day moving average price is $46.83 and its two-hundred day moving average price is $46.16. Invesco Dividend Achievers ETF has a twelve month low of $40.21 and a twelve month high of $48.28. The firm has a market cap of $730.25 million, a P/E ratio of 22.62 and a beta of 0.83.

Invesco Dividend Achievers ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a $0.1813 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.