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

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,769 shares, an increase of 100.4% from the June 15th total of 1,382 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 16,502 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Invesco Dividend Achievers ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. increased its holdings in shares of Invesco Dividend Achievers ETF by 0.4% in the second quarter. Raymond James Financial Inc. now owns 846,279 shares of the company’s stock worth $40,765,000 after acquiring an additional 3,596 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in Invesco Dividend Achievers ETF by 13.7% during the second quarter. IHT Wealth Management LLC now owns 8,754 shares of the company’s stock worth $422,000 after purchasing an additional 1,052 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of Invesco Dividend Achievers ETF by 3.0% during the 2nd quarter. MML Investors Services LLC now owns 66,062 shares of the company’s stock worth $3,182,000 after buying an additional 1,943 shares during the last quarter. Advisory Services Network LLC boosted its position in Invesco Dividend Achievers ETF by 5.1% during the second quarter. Advisory Services Network LLC now owns 12,373 shares of the company’s stock valued at $599,000 after purchasing an additional 597 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Invesco Dividend Achievers ETF by 13.3% in the third quarter. Envestnet Asset Management Inc. now owns 11,100 shares of the company’s stock valued at $563,000 after buying an additional 1,307 shares in the last quarter.

Invesco Dividend Achievers ETF Stock Performance

Shares of NASDAQ:PFM traded up $0.02 on Wednesday, hitting $55.71. The stock had a trading volume of 9,844 shares, compared to its average volume of 26,052. The firm’s 50 day moving average price is $55.10 and its 200-day moving average price is $53.52. Invesco Dividend Achievers ETF has a twelve month low of $47.89 and a twelve month high of $56.26. The company has a market capitalization of $782.17 million, a price-to-earnings ratio of 23.20 and a beta of 0.78.

Invesco Dividend Achievers ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.1929 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.77 annualized dividend and a yield of 1.4%.

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.