Invesco Dividend Achievers ETF (NASDAQ:PFM) Shares Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its stake in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 12.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,892 shares of the company’s stock after acquiring an additional 5,904 shares during the quarter. Cambridge Investment Research Advisors Inc. owned about 0.35% of Invesco Dividend Achievers ETF worth $2,376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Modera Wealth Management LLC purchased a new position in shares of Invesco Dividend Achievers ETF in the 4th quarter valued at about $206,000. Tower Research Capital LLC TRC grew its position in Invesco Dividend Achievers ETF by 298.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,657 shares of the company’s stock worth $214,000 after buying an additional 3,489 shares during the period. Independent Advisor Alliance purchased a new position in Invesco Dividend Achievers ETF in the fourth quarter valued at about $221,000. IHT Wealth Management LLC purchased a new position in Invesco Dividend Achievers ETF in the fourth quarter valued at about $285,000. Finally, Townsquare Capital LLC acquired a new stake in shares of Invesco Dividend Achievers ETF in the 4th quarter worth approximately $303,000.

Invesco Dividend Achievers ETF Stock Performance

Shares of PFM stock opened at $48.17 on Tuesday. The stock has a fifty day moving average price of $46.31 and a 200 day moving average price of $46.15. The stock has a market cap of $719.66 million, a PE ratio of 22.79 and a beta of 0.83. Invesco Dividend Achievers ETF has a 1 year low of $40.01 and a 1 year high of $48.28.

Invesco Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were paid a dividend of $0.1885 per share. This represents a $0.75 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Monday, June 23rd. This is an increase from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.17.

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.