Invesco Dividend Achievers ETF (NASDAQ:PFM) Shares Sold by Dorsey Wright & Associates

Dorsey Wright & Associates cut its stake in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,531 shares of the company’s stock after selling 498 shares during the quarter. Dorsey Wright & Associates owned about 0.32% of Invesco Dividend Achievers ETF worth $2,271,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PFM. ST Germain D J Co. Inc. acquired a new position in Invesco Dividend Achievers ETF during the fourth quarter worth about $55,000. Private Wealth Management Group LLC acquired a new stake in shares of Invesco Dividend Achievers ETF in the 4th quarter worth approximately $74,000. Golden State Wealth Management LLC purchased a new position in Invesco Dividend Achievers ETF in the 4th quarter valued at approximately $99,000. Modera Wealth Management LLC purchased a new position in Invesco Dividend Achievers ETF in the 4th quarter valued at approximately $206,000. Finally, Independent Advisor Alliance acquired a new position in Invesco Dividend Achievers ETF during the fourth quarter worth $221,000.

Invesco Dividend Achievers ETF Stock Down 1.4 %

Shares of PFM stock opened at $45.30 on Friday. The stock has a market cap of $692.64 million, a P/E ratio of 23.30 and a beta of 0.83. Invesco Dividend Achievers ETF has a fifty-two week low of $40.43 and a fifty-two week high of $48.28. The business has a fifty day simple moving average of $46.96 and a 200-day simple moving average of $46.75.

Invesco Dividend Achievers ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a dividend of $0.1793 per share. The ex-dividend date was Monday, March 24th.

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.