SteelPeak Wealth LLC Buys 11,616 Shares of Invesco Dividend Achievers ETF $PFM

SteelPeak Wealth LLC purchased a new stake in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,616 shares of the company’s stock, valued at approximately $637,000. SteelPeak Wealth LLC owned about 0.08% of Invesco Dividend Achievers ETF at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PFM. Focus Financial Network Inc. raised its position in shares of Invesco Dividend Achievers ETF by 0.3% in the 2nd quarter. Focus Financial Network Inc. now owns 113,600 shares of the company’s stock worth $6,300,000 after acquiring an additional 326 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in shares of Invesco Dividend Achievers ETF in the 3rd quarter valued at about $4,175,000. Royal Bank of Canada boosted its position in shares of Invesco Dividend Achievers ETF by 4.4% during the 1st quarter. Royal Bank of Canada now owns 73,958 shares of the company’s stock valued at $3,778,000 after purchasing an additional 3,114 shares in the last quarter. Everstar Asset Management LLC boosted its position in shares of Invesco Dividend Achievers ETF by 11.8% during the 1st quarter. Everstar Asset Management LLC now owns 70,354 shares of the company’s stock valued at $3,597,000 after purchasing an additional 7,424 shares in the last quarter. Finally, Waverly Advisors LLC boosted its position in shares of Invesco Dividend Achievers ETF by 0.4% during the 1st quarter. Waverly Advisors LLC now owns 46,732 shares of the company’s stock valued at $2,388,000 after purchasing an additional 192 shares in the last quarter.

Invesco Dividend Achievers ETF Price Performance

NASDAQ PFM opened at $56.76 on Tuesday. The stock has a market capitalization of $792.94 million, a P/E ratio of 23.20 and a beta of 0.77. The business has a 50 day simple moving average of $56.57 and a 200 day simple moving average of $55.45. Invesco Dividend Achievers ETF has a one year low of $49.98 and a one year high of $58.18.

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.