JPMorgan Chase & Co. Sells 1,090 Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM)

JPMorgan Chase & Co. cut its position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,708 shares of the company’s stock after selling 1,090 shares during the quarter. JPMorgan Chase & Co. owned 0.23% of Invesco Dividend Achievers ETF worth $1,638,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PFM. Raymond James Financial Inc. acquired a new position in shares of Invesco Dividend Achievers ETF during the 4th quarter worth about $38,194,000. Atria Wealth Solutions Inc. boosted its position in Invesco Dividend Achievers ETF by 3.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 232,598 shares of the company’s stock valued at $10,667,000 after purchasing an additional 8,758 shares during the last quarter. Citizens Financial Group Inc. RI grew its stake in Invesco Dividend Achievers ETF by 0.3% in the fourth quarter. Citizens Financial Group Inc. RI now owns 119,075 shares of the company’s stock valued at $5,461,000 after purchasing an additional 383 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Invesco Dividend Achievers ETF by 4.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 94,206 shares of the company’s stock valued at $4,320,000 after purchasing an additional 4,173 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Invesco Dividend Achievers ETF by 155.7% during the 4th quarter. Jones Financial Companies Lllp now owns 68,178 shares of the company’s stock worth $3,127,000 after purchasing an additional 41,514 shares during the last quarter.

Invesco Dividend Achievers ETF Trading Up 0.0 %

NASDAQ PFM opened at $44.46 on Friday. Invesco Dividend Achievers ETF has a 12 month low of $40.01 and a 12 month high of $48.28. The stock has a 50 day moving average of $45.22 and a 200-day moving average of $46.35. The company has a market cap of $669.12 million, a PE ratio of 22.90 and a beta of 0.83.

Invesco Dividend Achievers ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a dividend of $0.1793 per share. The ex-dividend date was Monday, March 24th.

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.