Invesco Dividend Achievers ETF $PFM Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 55.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,787 shares of the company’s stock after purchasing an additional 20,354 shares during the quarter. HighTower Advisors LLC owned approximately 0.39% of Invesco Dividend Achievers ETF worth $2,925,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Sovran Advisors LLC boosted its position in shares of Invesco Dividend Achievers ETF by 4.7% in the 4th quarter. Sovran Advisors LLC now owns 5,489 shares of the company’s stock valued at $290,000 after purchasing an additional 244 shares during the period. Creative Planning lifted its position in Invesco Dividend Achievers ETF by 4.4% during the 3rd quarter. Creative Planning now owns 9,820 shares of the company’s stock worth $498,000 after acquiring an additional 416 shares during the period. Allworth Financial LP lifted its position in Invesco Dividend Achievers ETF by 22.2% during the 3rd quarter. Allworth Financial LP now owns 3,184 shares of the company’s stock worth $162,000 after acquiring an additional 579 shares during the period. Advisory Services Network LLC lifted its position in Invesco Dividend Achievers ETF by 5.1% during the 2nd quarter. Advisory Services Network LLC now owns 12,373 shares of the company’s stock worth $599,000 after acquiring an additional 597 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its position in Invesco Dividend Achievers ETF by 7.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 9,939 shares of the company’s stock worth $512,000 after acquiring an additional 661 shares during the period.

Invesco Dividend Achievers ETF Trading Up 0.4%

Invesco Dividend Achievers ETF stock opened at $55.38 on Friday. Invesco Dividend Achievers ETF has a twelve month low of $46.15 and a twelve month high of $55.38. The stock has a 50 day moving average of $53.10 and a two-hundred day moving average of $52.61. The stock has a market capitalization of $782.52 million, a price-to-earnings ratio of 23.20 and a beta of 0.78.

Invesco Dividend Achievers ETF Increases Dividend

The business also recently disclosed 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. This represents a $0.78 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18.

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.