4,749 Shares in Invesco Dividend Achievers ETF $PFM Purchased by Sovran Advisors LLC

Sovran Advisors LLC bought a new position in Invesco Dividend Achievers ETF (NASDAQ:PFM) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 4,749 shares of the company’s stock, valued at approximately $231,000.

A number of other institutional investors have also bought and sold shares of the business. Golden State Wealth Management LLC raised its position in shares of Invesco Dividend Achievers ETF by 73.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,722 shares of the company’s stock valued at $170,000 after buying an additional 1,571 shares during the period. Revisor Wealth Management LLC purchased a new stake in shares of Invesco Dividend Achievers ETF during the 1st quarter valued at approximately $214,000. Townsquare Capital LLC raised its position in shares of Invesco Dividend Achievers ETF by 15.2% during the 1st quarter. Townsquare Capital LLC now owns 7,606 shares of the company’s stock valued at $348,000 after buying an additional 1,005 shares during the period. Connecticut Wealth Management LLC purchased a new stake in shares of Invesco Dividend Achievers ETF during the 1st quarter valued at approximately $367,000. Finally, Brown Miller Wealth Management LLC purchased a new stake in shares of Invesco Dividend Achievers ETF during the 1st quarter valued at approximately $374,000.

Invesco Dividend Achievers ETF Stock Performance

PFM stock opened at $50.75 on Friday. The firm has a market cap of $739.94 million, a PE ratio of 23.20 and a beta of 0.83. The firm’s 50 day moving average price is $49.34 and its 200-day moving average price is $47.10. Invesco Dividend Achievers ETF has a one year low of $40.01 and a one year high of $50.90.

Invesco Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were paid a $0.1885 dividend. This represents a $0.75 annualized dividend and a dividend yield of 1.5%. This is a positive change from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, June 23rd.

Invesco Dividend Achievers ETF 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.