Genesis Wealth Advisors LLC Purchases New Shares in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Genesis Wealth Advisors LLC purchased a new stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,864 shares of the company’s stock, valued at approximately $269,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PFM. Dorsey Wright & Associates acquired a new position in shares of Invesco Dividend Achievers ETF in the 3rd quarter valued at $2,329,000. SteelPeak Wealth LLC boosted its position in shares of Invesco Dividend Achievers ETF by 229.5% in the 4th quarter. SteelPeak Wealth LLC now owns 56,947 shares of the company’s stock valued at $2,612,000 after purchasing an additional 39,664 shares during the period. Miracle Mile Advisors LLC acquired a new position in shares of Invesco Dividend Achievers ETF in the 4th quarter valued at $1,090,000. Raymond James & Associates lifted its stake in Invesco Dividend Achievers ETF by 3.9% in the 3rd quarter. Raymond James & Associates now owns 384,769 shares of the company’s stock worth $17,911,000 after acquiring an additional 14,462 shares in the last quarter. Finally, Hanlon Investment Management Inc. purchased a new stake in Invesco Dividend Achievers ETF in the 3rd quarter worth about $560,000.

Invesco Dividend Achievers ETF Trading Down 0.9 %

Shares of Invesco Dividend Achievers ETF stock opened at $47.48 on Monday. The stock has a 50-day moving average price of $46.86 and a 200 day moving average price of $46.49. The company has a market cap of $725.97 million, a P/E ratio of 24.76 and a beta of 0.83. Invesco Dividend Achievers ETF has a 1 year low of $40.43 and a 1 year high of $48.28.

Invesco Dividend Achievers ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a $0.1813 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.