J.W. Cole Advisors Inc. Cuts Stake in Invesco Dividend Achievers ETF (NASDAQ:PFM)

J.W. Cole Advisors Inc. cut its position in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 31,090 shares of the company’s stock after selling 1,041 shares during the period. J.W. Cole Advisors Inc. owned approximately 0.20% of Invesco Dividend Achievers ETF worth $1,426,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PFM. Citizens Financial Group Inc. RI lifted its position in Invesco Dividend Achievers ETF by 0.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 118,692 shares of the company’s stock valued at $5,525,000 after acquiring an additional 753 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Invesco Dividend Achievers ETF by 11.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,127 shares of the company’s stock valued at $373,000 after buying an additional 815 shares during the last quarter. MML Investors Services LLC increased its holdings in Invesco Dividend Achievers ETF by 1.8% in the 3rd quarter. MML Investors Services LLC now owns 58,741 shares of the company’s stock worth $2,734,000 after buying an additional 1,054 shares in the last quarter. ST Germain D J Co. Inc. purchased a new position in Invesco Dividend Achievers ETF in the 4th quarter worth about $55,000. Finally, American Capital Advisory LLC bought a new position in Invesco Dividend Achievers ETF during the 3rd quarter valued at about $63,000.

Invesco Dividend Achievers ETF Stock Down 0.5 %

PFM opened at $47.83 on Tuesday. The stock has a market capitalization of $731.32 million, a price-to-earnings ratio of 22.62 and a beta of 0.83. The firm has a 50 day moving average price of $46.80 and a 200-day moving average price of $46.35. Invesco Dividend Achievers ETF has a twelve month low of $40.43 and a twelve month high of $48.28.

Invesco Dividend Achievers ETF Announces Dividend

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

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.