Focus Financial Network Inc. Makes New Investment in Invesco Dividend Achievers ETF $PFM

Focus Financial Network Inc. purchased a new position in Invesco Dividend Achievers ETF (NASDAQ:PFM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 113,692 shares of the company’s stock, valued at approximately $6,239,000. Focus Financial Network Inc. owned about 0.81% of Invesco Dividend Achievers ETF as of its most recent SEC filing.

Several other large investors have also modified their holdings of PFM. Fifth Third Bancorp bought a new stake in Invesco Dividend Achievers ETF during the 1st quarter valued at $28,000. City Holding Co. acquired a new position in Invesco Dividend Achievers ETF during the 2nd quarter valued at approximately $58,000. Assetmark Inc. increased its position in shares of Invesco Dividend Achievers ETF by 900.9% in the 1st quarter. Assetmark Inc. now owns 1,111 shares of the company’s stock valued at $57,000 after acquiring an additional 1,000 shares during the period. Western Wealth Management LLC acquired a new position in shares of Invesco Dividend Achievers ETF in the first quarter valued at about $77,000. Finally, International Assets Investment Management LLC raised its position in Invesco Dividend Achievers ETF by 45.2% during the 1st quarter. International Assets Investment Management LLC now owns 2,425 shares of the company’s stock worth $124,000 after buying an additional 755 shares during the last quarter.

Invesco Dividend Achievers ETF Trading Down 0.1%

Invesco Dividend Achievers ETF stock opened at $56.35 on Wednesday. The firm has a market cap of $790.59 million, a PE ratio of 23.20 and a beta of 0.77. The stock’s 50 day simple moving average is $56.63 and its two-hundred day simple moving average is $55.27. Invesco Dividend Achievers ETF has a 12 month low of $49.98 and a 12 month high of $58.18.

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. 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.