Wealth Enhancement Advisory Services LLC Has $396,000 Stock Position in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Wealth Enhancement Advisory Services LLC cut its holdings in Invesco Dividend Achievers ETF (NASDAQ:PFMFree Report) by 18.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,646 shares of the company’s stock after selling 1,954 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of Invesco Dividend Achievers ETF worth $396,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of Invesco Dividend Achievers ETF by 298.7% in the fourth 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 stake in shares of Invesco Dividend Achievers ETF in the fourth quarter valued at approximately $221,000. IHT Wealth Management LLC acquired a new stake in shares of Invesco Dividend Achievers ETF in the fourth quarter valued at approximately $285,000. Townsquare Capital LLC acquired a new stake in shares of Invesco Dividend Achievers ETF in the fourth quarter valued at approximately $303,000. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of Invesco Dividend Achievers ETF in the fourth quarter valued at approximately $373,000.

Invesco Dividend Achievers ETF Trading Up 0.7%

NASDAQ:PFM opened at $48.96 on Monday. Invesco Dividend Achievers ETF has a 1-year low of $40.01 and a 1-year high of $49.00. The firm has a fifty day simple moving average of $46.68 and a 200 day simple moving average of $46.21. The stock 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 company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were paid a $0.1885 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This is a boost from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.17. This represents a $0.75 annualized dividend and a dividend yield of 1.54%.

Invesco Dividend Achievers ETF Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Invesco Dividend Achievers ETF (NASDAQ:PFM)

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