Wealth Enhancement Advisory Services LLC Sells 552 Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM)

Posted by Defense World Staff on Nov 10th, 2024

Wealth Enhancement Advisory Services LLC cut its position in Invesco Dividend Achievers ETF (NASDAQ:PFM – Free Report) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,309 shares of the company’s stock after selling 552 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.06% of Invesco Dividend Achievers ETF worth $433,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PFM. Cullen Frost Bankers Inc. acquired a new position in shares of Invesco Dividend Achievers ETF during the 2nd quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Invesco Dividend Achievers ETF in the second quarter valued at $61,000. Paladin Wealth LLC bought a new position in shares of Invesco Dividend Achievers ETF in the third quarter valued at about $70,000. EWG Elevate Inc. acquired a new stake in shares of Invesco Dividend Achievers ETF during the 3rd quarter worth about $219,000. Finally, Consolidated Planning Corp acquired a new stake in shares of Invesco Dividend Achievers ETF during the 2nd quarter worth about $275,000.

Invesco Dividend Achievers ETF Stock Performance

Shares of PFM opened at $47.57 on Friday. The firm has a market cap of $726.90 million, a P/E ratio of 22.62 and a beta of 0.83. Invesco Dividend Achievers ETF has a 52 week low of $36.75 and a 52 week high of $47.71. The firm’s 50-day simple moving average is $46.27 and its 200 day simple moving average is $44.24.

Invesco Dividend Achievers ETF Cuts Dividend

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

Invesco Dividend Achievers ETF Company Profile

(Free Report)

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.