Invesco Dividend Achievers ETF (NASDAQ:PFM) Short Interest Update

Invesco Dividend Achievers ETF (NASDAQ:PFM) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 481 shares, a decrease of 90.4% from the April 30th total of 5,027 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 24,804 shares, the short-interest ratio is currently 0.0 days.

Invesco Dividend Achievers ETF Trading Up 0.4%

NASDAQ:PFM traded up $0.20 on Friday, reaching $55.38. The stock had a trading volume of 17,566 shares, compared to its average volume of 29,256. The company has a 50-day moving average of $53.10 and a 200 day moving average of $52.61. The stock has a market cap of $782.52 million, a P/E ratio of 23.20 and a beta of 0.78. Invesco Dividend Achievers ETF has a 12-month low of $46.15 and a 12-month high of $55.38.

Invesco Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.1949 per share. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a dividend yield of 1.4%.

Hedge Funds Weigh In On Invesco Dividend Achievers ETF

Several large investors have recently modified their holdings of the stock. Western Wealth Management LLC bought a new position in shares of Invesco Dividend Achievers ETF during the first quarter worth about $77,000. Royal Bank of Canada lifted its position in shares of Invesco Dividend Achievers ETF by 4.4% during the first quarter. Royal Bank of Canada now owns 73,958 shares of the company’s stock worth $3,778,000 after purchasing an additional 3,114 shares during the last quarter. Waverly Advisors LLC lifted its position in shares of Invesco Dividend Achievers ETF by 0.4% during the first quarter. Waverly Advisors LLC now owns 46,732 shares of the company’s stock worth $2,388,000 after purchasing an additional 192 shares during the last quarter. Assetmark Inc. lifted its position in shares of Invesco Dividend Achievers ETF by 900.9% during the first quarter. Assetmark Inc. now owns 1,111 shares of the company’s stock worth $57,000 after purchasing an additional 1,000 shares during the last quarter. Finally, SteelPeak Wealth LLC lifted its position in shares of Invesco Dividend Achievers ETF by 497.3% during the first quarter. SteelPeak Wealth LLC now owns 53,914 shares of the company’s stock worth $2,755,000 after purchasing an additional 44,888 shares during the last quarter.

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. The portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index.