Invesco Dividend Achievers ETF (NASDAQ:PFM) Holdings Decreased by LPL Financial LLC

LPL Financial LLC cut its position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 0.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,036,400 shares of the company’s stock after selling 7,714 shares during the quarter. LPL Financial LLC owned 13.33% of Invesco Dividend Achievers ETF worth $94,794,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PFM. Cullen Frost Bankers Inc. acquired a new position in Invesco Dividend Achievers ETF in the second quarter valued at approximately $34,000. Ashton Thomas Private Wealth LLC acquired a new position in Invesco Dividend Achievers ETF during the 2nd quarter valued at approximately $61,000. American Capital Advisory LLC bought a new position in Invesco Dividend Achievers ETF during the 3rd quarter worth $63,000. Paladin Wealth LLC acquired a new stake in Invesco Dividend Achievers ETF in the third quarter worth $70,000. Finally, Simmons Bank acquired a new stake in Invesco Dividend Achievers ETF in the third quarter worth $200,000.

Invesco Dividend Achievers ETF Stock Performance

Shares of PFM opened at $47.68 on Friday. Invesco Dividend Achievers ETF has a 1 year low of $38.19 and a 1 year high of $47.80. The firm has a fifty day moving average of $46.62 and a 200-day moving average of $44.63. The company has a market cap of $728.59 million, a price-to-earnings ratio of 22.62 and a beta of 0.83.

Invesco Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.173 dividend. This represents a $0.69 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Monday, September 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.