Invesco Dividend Achievers ETF (NASDAQ:PFM) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV decreased its position in Invesco Dividend Achievers ETF (NASDAQ:PFM – Get Rating) by 29.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,461 shares of the company’s stock after selling 4,694 shares during the quarter. Mercer Global Advisors Inc. ADV owned about 0.06% of Invesco Dividend Achievers ETF worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PFM. Cambridge Investment Research Advisors Inc. raised its stake in Invesco Dividend Achievers ETF by 2.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 31,649 shares of the company’s stock valued at $1,217,000 after purchasing an additional 734 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Invesco Dividend Achievers ETF by 3.9% during the 1st quarter. HighTower Advisors LLC now owns 23,756 shares of the company’s stock valued at $918,000 after acquiring an additional 891 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Invesco Dividend Achievers ETF by 14.1% during the 1st quarter. Baird Financial Group Inc. now owns 36,523 shares of the company’s stock valued at $1,404,000 after acquiring an additional 4,508 shares during the last quarter. Fort Point Capital Partners LLC increased its stake in shares of Invesco Dividend Achievers ETF by 14.7% during the 1st quarter. Fort Point Capital Partners LLC now owns 12,168 shares of the company’s stock valued at $468,000 after acquiring an additional 1,562 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Invesco Dividend Achievers ETF by 3.2% during the 1st quarter. Invesco Ltd. now owns 506,025 shares of the company’s stock valued at $19,457,000 after acquiring an additional 15,839 shares during the last quarter.

Invesco Dividend Achievers ETF Price Performance

NASDAQ PFM opened at $36.76 on Tuesday. Invesco Dividend Achievers ETF has a 12 month low of $31.91 and a 12 month high of $38.34. The company has a 50-day moving average of $36.89 and a 200-day moving average of $36.61. The company has a market cap of $669.40 million, a P/E ratio of 16.29 and a beta of 0.83.

Invesco Dividend Achievers ETF Cuts Dividend

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

Invesco Dividend Achievers ETF Company 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.