Cetera Investment Advisers Decreases Position in Invesco Dividend Achievers ETF $PFM

Cetera Investment Advisers lowered its stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 30.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,841 shares of the company’s stock after selling 23,813 shares during the quarter. Cetera Investment Advisers owned about 0.37% of Invesco Dividend Achievers ETF worth $2,594,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. boosted its holdings in Invesco Dividend Achievers ETF by 1.2% in the 1st quarter. Raymond James Financial Inc. now owns 842,683 shares of the company’s stock worth $38,578,000 after acquiring an additional 9,839 shares during the period. Atria Wealth Solutions Inc. boosted its stake in shares of Invesco Dividend Achievers ETF by 1.3% in the first quarter. Atria Wealth Solutions Inc. now owns 235,612 shares of the company’s stock valued at $10,786,000 after purchasing an additional 3,014 shares during the period. Citizens Financial Group Inc. RI grew its holdings in Invesco Dividend Achievers ETF by 0.3% during the 1st quarter. Citizens Financial Group Inc. RI now owns 119,460 shares of the company’s stock valued at $5,469,000 after purchasing an additional 385 shares in the last quarter. NFP Retirement Inc. increased its stake in Invesco Dividend Achievers ETF by 3.6% during the 1st quarter. NFP Retirement Inc. now owns 115,308 shares of the company’s stock worth $5,279,000 after buying an additional 3,986 shares during the period. Finally, Focus Financial Network Inc. lifted its holdings in Invesco Dividend Achievers ETF by 0.4% in the 2nd quarter. Focus Financial Network Inc. now owns 113,378 shares of the company’s stock worth $5,461,000 after buying an additional 459 shares in the last quarter.

Invesco Dividend Achievers ETF Price Performance

NASDAQ:PFM opened at $52.04 on Friday. The firm has a 50-day moving average of $50.88 and a two-hundred day moving average of $49.24. The stock has a market cap of $748.26 million, a P/E ratio of 23.20 and a beta of 0.82. Invesco Dividend Achievers ETF has a 1-year low of $40.01 and a 1-year high of $52.05.

Invesco Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.1719 per share. This represents a $0.69 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, September 22nd.

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.