Invesco Dividend Achievers ETF (NASDAQ:PFM) Shares Bought by Essex Financial Services Inc.

Essex Financial Services Inc. raised its holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 14.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,005 shares of the company’s stock after acquiring an additional 905 shares during the quarter. Essex Financial Services Inc.’s holdings in Invesco Dividend Achievers ETF were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of PFM. LPL Financial LLC lifted its stake in Invesco Dividend Achievers ETF by 12.8% during the fourth quarter. LPL Financial LLC now owns 2,013,565 shares of the company’s stock valued at $66,206,000 after buying an additional 228,842 shares in the last quarter. Morgan Stanley lifted its stake in Invesco Dividend Achievers ETF by 37.6% during the fourth quarter. Morgan Stanley now owns 656,795 shares of the company’s stock valued at $21,596,000 after buying an additional 179,445 shares in the last quarter. Steel Peak Wealth Management LLC purchased a new stake in Invesco Dividend Achievers ETF during the fourth quarter valued at about $1,860,000. Wells Fargo & Company MN lifted its stake in Invesco Dividend Achievers ETF by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 340,837 shares of the company’s stock valued at $11,207,000 after buying an additional 51,118 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new stake in Invesco Dividend Achievers ETF during the first quarter valued at about $1,240,000.

PFM stock opened at $36.52 on Friday. Invesco Dividend Achievers ETF has a one year low of $27.32 and a one year high of $37.20. The firm’s 50-day moving average price is $36.05.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Tuesday, March 23rd were paid a dividend of $0.132 per share. This represents a $0.53 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Monday, March 22nd.

Invesco Dividend Achievers ETF 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.

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Institutional Ownership by Quarter for Invesco Dividend Achievers ETF (NASDAQ:PFM)

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