Golden State Wealth Management LLC Sells 290 Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM)

Golden State Wealth Management LLC trimmed its holdings in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 13.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,861 shares of the company’s stock after selling 290 shares during the quarter. Golden State Wealth Management LLC’s holdings in Invesco Dividend Achievers ETF were worth $85,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted 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 purchasing an additional 3,489 shares during the last quarter. Independent Advisor Alliance acquired a new position in shares of Invesco Dividend Achievers ETF during the 4th quarter valued at $221,000. IHT Wealth Management LLC acquired a new position in shares of Invesco Dividend Achievers ETF during the 4th quarter valued at $285,000. Townsquare Capital LLC acquired a new position in shares of Invesco Dividend Achievers ETF during the 4th quarter valued at $303,000. Finally, Axxcess Wealth Management LLC acquired a new position in shares of Invesco Dividend Achievers ETF during the 4th quarter valued at $373,000.

Invesco Dividend Achievers ETF Stock Up 0.7%

Invesco Dividend Achievers ETF stock opened at $48.96 on Monday. Invesco Dividend Achievers ETF has a 12-month low of $40.01 and a 12-month high of $49.00. The firm’s fifty day moving average is $46.68 and its 200 day moving average is $46.21. The company has a market capitalization of $713.76 million, a PE ratio of 22.79 and a beta of 0.83.

Invesco Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were given a dividend of $0.1885 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Monday, June 23rd. This is an increase from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.17.

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.