Jones Financial Companies Lllp Acquires 41,514 Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM)

Jones Financial Companies Lllp boosted its stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 155.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,178 shares of the company’s stock after acquiring an additional 41,514 shares during the period. Jones Financial Companies Lllp owned 0.45% of Invesco Dividend Achievers ETF worth $3,127,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PFM. Citizens Financial Group Inc. RI boosted its position in shares of Invesco Dividend Achievers ETF by 0.6% during the third quarter. Citizens Financial Group Inc. RI now owns 118,692 shares of the company’s stock valued at $5,525,000 after purchasing an additional 753 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Invesco Dividend Achievers ETF by 11.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,127 shares of the company’s stock valued at $373,000 after buying an additional 815 shares during the period. MML Investors Services LLC boosted its holdings in shares of Invesco Dividend Achievers ETF by 1.8% during the 3rd quarter. MML Investors Services LLC now owns 58,741 shares of the company’s stock valued at $2,734,000 after buying an additional 1,054 shares in the last quarter. ST Germain D J Co. Inc. purchased a new stake in shares of Invesco Dividend Achievers ETF in the 4th quarter worth about $55,000. Finally, American Capital Advisory LLC purchased a new stake in shares of Invesco Dividend Achievers ETF in the 3rd quarter worth about $63,000.

Invesco Dividend Achievers ETF Price Performance

Shares of NASDAQ PFM opened at $47.04 on Thursday. Invesco Dividend Achievers ETF has a 1 year low of $40.43 and a 1 year high of $48.28. The firm has a 50-day moving average of $46.99 and a 200 day moving average of $46.68. The stock has a market cap of $719.24 million, a P/E ratio of 24.76 and a beta of 0.83.

Invesco Dividend Achievers ETF Announces Dividend

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

Invesco Dividend Achievers ETF Company 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.