Invesco Dividend Achievers ETF (NASDAQ:PFM) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM – Get Rating) by 64.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,552 shares of the company’s stock after buying an additional 24,197 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.33% of Invesco Dividend Achievers ETF worth $2,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Romano Brothers AND Company acquired a new stake in shares of Invesco Dividend Achievers ETF during the 4th quarter worth approximately $29,000. Capital Investment Advisory Services LLC increased its holdings in Invesco Dividend Achievers ETF by 32.3% in the 4th quarter. Capital Investment Advisory Services LLC now owns 2,599 shares of the company’s stock valued at $95,000 after purchasing an additional 635 shares during the last quarter. Spire Wealth Management increased its holdings in Invesco Dividend Achievers ETF by 317.9% in the 4th quarter. Spire Wealth Management now owns 2,712 shares of the company’s stock valued at $99,000 after purchasing an additional 2,063 shares during the last quarter. Carret Asset Management LLC acquired a new stake in Invesco Dividend Achievers ETF in the 4th quarter valued at approximately $219,000. Finally, Janney Montgomery Scott LLC increased its holdings in Invesco Dividend Achievers ETF by 5.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,720 shares of the company’s stock valued at $250,000 after purchasing an additional 402 shares during the last quarter.

Invesco Dividend Achievers ETF Stock Performance

Invesco Dividend Achievers ETF stock opened at $36.73 on Tuesday. Invesco Dividend Achievers ETF has a fifty-two week low of $31.91 and a fifty-two week high of $38.34. The firm has a 50 day moving average price of $36.89 and a 200 day moving average price of $36.62. The company has a market capitalization of $668.85 million, a PE ratio of 16.29 and a beta of 0.83.

Invesco Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Tuesday, March 21st were issued a $0.18 dividend. The ex-dividend date was Monday, March 20th. This represents a $0.72 annualized dividend and a yield of 1.96%.

Invesco Dividend Achievers ETF Profile

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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.