152,434 Shares in Invesco Dividend Achievers ETF $PFM Acquired by CPC Advisors LLC

CPC Advisors LLC acquired a new position in Invesco Dividend Achievers ETF (NASDAQ:PFM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 152,434 shares of the company’s stock, valued at approximately $7,851,000. CPC Advisors LLC owned about 1.06% of Invesco Dividend Achievers ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in PFM. Raymond James Financial Inc. boosted its position in Invesco Dividend Achievers ETF by 0.4% during the second quarter. Raymond James Financial Inc. now owns 846,279 shares of the company’s stock worth $40,765,000 after purchasing an additional 3,596 shares during the period. IHT Wealth Management LLC boosted its position in Invesco Dividend Achievers ETF by 13.7% during the second quarter. IHT Wealth Management LLC now owns 8,754 shares of the company’s stock worth $422,000 after purchasing an additional 1,052 shares during the period. MML Investors Services LLC boosted its position in Invesco Dividend Achievers ETF by 3.0% during the second quarter. MML Investors Services LLC now owns 66,062 shares of the company’s stock worth $3,182,000 after purchasing an additional 1,943 shares during the period. Advisory Services Network LLC boosted its position in Invesco Dividend Achievers ETF by 5.1% during the second quarter. Advisory Services Network LLC now owns 12,373 shares of the company’s stock worth $599,000 after purchasing an additional 597 shares during the period. Finally, Osaic Holdings Inc. boosted its position in Invesco Dividend Achievers ETF by 4.7% during the second quarter. Osaic Holdings Inc. now owns 54,541 shares of the company’s stock worth $2,628,000 after purchasing an additional 2,444 shares during the period.

Invesco Dividend Achievers ETF Stock Down 0.5%

Shares of Invesco Dividend Achievers ETF stock opened at $53.48 on Wednesday. The stock has a market capitalization of $758.35 million, a P/E ratio of 23.20 and a beta of 0.80. The stock has a 50 day moving average price of $52.51 and a two-hundred day moving average price of $52.00. Invesco Dividend Achievers ETF has a 12-month low of $42.87 and a 12-month high of $54.34.

Invesco Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.1949 per share. The ex-dividend date of this dividend was Monday, March 23rd. This is an increase from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a yield of 1.5%.

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. The portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index.