49,892 Shares of Invesco Dividend Achievers ETF $PFM Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC bought a new stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 49,892 shares of the company’s stock, valued at approximately $2,738,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Eastern Bank acquired a new position in Invesco Dividend Achievers ETF during the third quarter worth $872,000. Independent Financial Group LLC acquired a new stake in Invesco Dividend Achievers ETF in the first quarter valued at $1,160,000. TD Waterhouse Canada Inc. acquired a new stake in Invesco Dividend Achievers ETF in the third quarter valued at $4,175,000. SteelPeak Wealth LLC grew its holdings in Invesco Dividend Achievers ETF by 497.3% in the first quarter. SteelPeak Wealth LLC now owns 53,914 shares of the company’s stock valued at $2,755,000 after purchasing an additional 44,888 shares during the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new position in shares of Invesco Dividend Achievers ETF in the third quarter valued at $4,605,000.

Invesco Dividend Achievers ETF Stock Up 0.4%

Shares of PFM stock opened at $57.56 on Tuesday. Invesco Dividend Achievers ETF has a fifty-two week low of $49.98 and a fifty-two week high of $58.18. The stock has a market cap of $804.11 million, a P/E ratio of 23.20 and a beta of 0.77. The business has a fifty day simple moving average of $56.54 and a 200-day simple moving average of $54.68.

About Invesco Dividend Achievers ETF

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.