Merit Financial Group LLC Purchases New Holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Merit Financial Group LLC acquired a new position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,939 shares of the company’s stock, valued at approximately $684,000. Merit Financial Group LLC owned approximately 0.10% of Invesco Dividend Achievers ETF as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of Invesco Dividend Achievers ETF in the 4th quarter valued at approximately $99,000. Modera Wealth Management LLC bought a new position in Invesco Dividend Achievers ETF during the 4th quarter worth approximately $206,000. Tower Research Capital LLC TRC increased its stake in shares of Invesco Dividend Achievers ETF by 298.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,657 shares of the company’s stock valued at $214,000 after acquiring an additional 3,489 shares in the last quarter. Independent Advisor Alliance bought a new stake in shares of Invesco Dividend Achievers ETF in the 4th quarter valued at $221,000. Finally, Genesis Wealth Advisors LLC bought a new stake in shares of Invesco Dividend Achievers ETF in the 4th quarter valued at $269,000.

Invesco Dividend Achievers ETF Trading Down 0.2%

Shares of PFM stock opened at $47.10 on Tuesday. The firm has a fifty day simple moving average of $44.98 and a two-hundred day simple moving average of $46.18. The firm has a market capitalization of $703.67 million, a PE ratio of 23.91 and a beta of 0.83. Invesco Dividend Achievers ETF has a 12 month low of $40.01 and a 12 month high of $48.28.

Invesco Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.1793 dividend. The ex-dividend date was Monday, March 24th.

About Invesco Dividend Achievers ETF

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.