Bank of America Corp DE Cuts Stake in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Bank of America Corp DE lowered its position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 269,886 shares of the company’s stock after selling 1,528 shares during the quarter. Bank of America Corp DE owned 1.77% of Invesco Dividend Achievers ETF worth $12,377,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. NewEdge Advisors LLC increased its holdings in shares of Invesco Dividend Achievers ETF by 3.4% in the 4th quarter. NewEdge Advisors LLC now owns 9,030 shares of the company’s stock valued at $414,000 after purchasing an additional 299 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in shares of Invesco Dividend Achievers ETF by 0.3% in the 4th 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. Everstar Asset Management LLC increased its holdings in shares of Invesco Dividend Achievers ETF by 1.4% in the 4th quarter. Everstar Asset Management LLC now owns 42,021 shares of the company’s stock valued at $1,927,000 after purchasing an additional 568 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Invesco Dividend Achievers ETF by 3.3% in the 4th quarter. Bank of Montreal Can now owns 18,872 shares of the company’s stock valued at $865,000 after purchasing an additional 606 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Invesco Dividend Achievers ETF by 1.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,118 shares of the company’s stock valued at $1,977,000 after purchasing an additional 756 shares in the last quarter.

Invesco Dividend Achievers ETF Trading Down 0.4%

NASDAQ:PFM opened at $45.87 on Friday. The firm has a 50-day moving average price of $44.81 and a two-hundred day moving average price of $46.24. Invesco Dividend Achievers ETF has a twelve month low of $40.01 and a twelve month high of $48.28. The company has a market capitalization of $685.30 million, a P/E ratio of 23.64 and a beta of 0.83.

Invesco Dividend Achievers ETF Cuts Dividend

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

Invesco Dividend Achievers ETF Company 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.