Invesco Dividend Achievers ETF (NASDAQ:PFM – Get Free Report) saw unusually-strong trading volume on Wednesday. Approximately 32,947 shares changed hands during trading, an increase of 36% from the average daily volume of 24,257 shares. The stock last traded at $58.9950 and had previously closed at $58.80.
Invesco Dividend Achievers ETF Stock Performance
The firm has a fifty day simple moving average of $56.80 and a 200 day simple moving average of $55.08. The company has a market capitalization of $834.13 million, a PE ratio of 24.36 and a beta of 0.76.
Hedge Funds Weigh In On Invesco Dividend Achievers ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in PFM. Waverly Advisors LLC raised its holdings in shares of Invesco Dividend Achievers ETF by 0.4% in the first quarter. Waverly Advisors LLC now owns 46,732 shares of the company’s stock valued at $2,388,000 after acquiring an additional 192 shares in the last quarter. Focus Financial Network Inc. increased its position in Invesco Dividend Achievers ETF by 0.3% during the 2nd quarter. Focus Financial Network Inc. now owns 113,600 shares of the company’s stock valued at $6,300,000 after purchasing an additional 326 shares during the period. Citadel Advisors LLC increased its position in Invesco Dividend Achievers ETF by 6.2% during the 2nd quarter. Citadel Advisors LLC now owns 9,243 shares of the company’s stock valued at $513,000 after purchasing an additional 538 shares during the period. Fifth Third Bancorp purchased a new position in Invesco Dividend Achievers ETF during the 1st quarter valued at about $28,000. Finally, Next Level Wealth Planning LLC bought a new stake in shares of Invesco Dividend Achievers ETF in the 3rd quarter valued at about $37,000.
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.
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