Independent Financial Group LLC Purchases Shares of 22,702 Invesco Dividend Achievers ETF $PFM

Independent Financial Group LLC acquired a new stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,702 shares of the company’s stock, valued at approximately $1,160,000. Independent Financial Group LLC owned approximately 0.16% of Invesco Dividend Achievers ETF as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. CPC Advisors LLC bought a new stake in Invesco Dividend Achievers ETF during the 4th quarter valued at approximately $7,851,000. HighTower Advisors LLC boosted its stake in Invesco Dividend Achievers ETF by 55.9% in the 4th quarter. HighTower Advisors LLC now owns 56,787 shares of the company’s stock worth $2,925,000 after purchasing an additional 20,354 shares during the period. Lido Advisors LLC purchased a new stake in Invesco Dividend Achievers ETF during the 3rd quarter valued at approximately $852,000. UMB Bank n.a. purchased a new stake in Invesco Dividend Achievers ETF during the 4th quarter valued at approximately $824,000. Finally, Cape ANN Savings Bank purchased a new stake in Invesco Dividend Achievers ETF during the 4th quarter valued at approximately $783,000.

Invesco Dividend Achievers ETF Stock Performance

PFM stock opened at $55.56 on Tuesday. Invesco Dividend Achievers ETF has a one year low of $47.89 and a one year high of $56.45. The company’s fifty day moving average price is $55.24 and its 200-day moving average price is $53.63. The company has a market capitalization of $778.95 million, a PE ratio of 23.20 and a beta of 0.78.

Invesco Dividend Achievers ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.1929 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, June 22nd.

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. 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.