Invesco Dividend Achievers ETF $PFM Stock Position Lessened by Flaharty Asset Management LLC

Flaharty Asset Management LLC reduced its stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 90.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,080 shares of the company’s stock after selling 452,937 shares during the period. Invesco Dividend Achievers ETF makes up about 3.8% of Flaharty Asset Management LLC’s holdings, making the stock its 5th largest holding. Flaharty Asset Management LLC owned 0.34% of Invesco Dividend Achievers ETF worth $2,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Waverly Advisors LLC raised its position in shares of Invesco Dividend Achievers ETF by 0.4% during the 1st quarter. Waverly Advisors LLC now owns 46,732 shares of the company’s stock valued at $2,388,000 after buying an additional 192 shares in the last quarter. Sovran Advisors LLC grew its position in Invesco Dividend Achievers ETF by 4.0% in the first quarter. Sovran Advisors LLC now owns 5,711 shares of the company’s stock worth $309,000 after acquiring an additional 222 shares in the last quarter. Cetera Investment Advisers grew its position in Invesco Dividend Achievers ETF by 0.4% in the fourth quarter. Cetera Investment Advisers now owns 93,536 shares of the company’s stock worth $4,818,000 after acquiring an additional 378 shares in the last quarter. Creative Planning grew its position in Invesco Dividend Achievers ETF by 4.4% in the third quarter. Creative Planning now owns 9,820 shares of the company’s stock worth $498,000 after acquiring an additional 416 shares in the last quarter. Finally, Lido Advisors LLC increased its stake in Invesco Dividend Achievers ETF by 2.7% in the fourth quarter. Lido Advisors LLC now owns 17,239 shares of the company’s stock valued at $875,000 after acquiring an additional 456 shares during the last quarter.

Invesco Dividend Achievers ETF Stock Up 0.3%

NASDAQ PFM opened at $57.61 on Friday. The stock’s 50-day simple moving average is $55.79 and its two-hundred day simple moving average is $54.04. Invesco Dividend Achievers ETF has a twelve month low of $48.60 and a twelve month high of $57.72. The company has a market capitalization of $807.69 million, a price-to-earnings ratio of 23.20 and a beta of 0.77.

Invesco Dividend Achievers ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.1929 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.77 annualized dividend and a dividend yield of 1.3%.

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.