Invesco Dividend Achievers ETF (NASDAQ:PFM) Shares Sold by XML Financial LLC

XML Financial LLC trimmed its stake in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 10.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,317 shares of the company’s stock after selling 617 shares during the quarter. XML Financial LLC’s holdings in Invesco Dividend Achievers ETF were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dorsey Wright & Associates acquired a new stake in Invesco Dividend Achievers ETF in the third quarter valued at about $2,329,000. Miracle Mile Advisors LLC acquired a new stake in shares of Invesco Dividend Achievers ETF in the 4th quarter valued at approximately $1,090,000. Stratos Wealth Partners LTD. boosted its stake in shares of Invesco Dividend Achievers ETF by 21.3% in the third quarter. Stratos Wealth Partners LTD. now owns 126,968 shares of the company’s stock valued at $5,910,000 after buying an additional 22,261 shares in the last quarter. Raymond James & Associates grew its holdings in Invesco Dividend Achievers ETF by 3.9% during the third 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 during the period. Finally, Sanibel Captiva Trust Company Inc. purchased a new position in Invesco Dividend Achievers ETF in the third quarter worth $624,000.

Invesco Dividend Achievers ETF Stock Performance

Shares of NASDAQ PFM opened at $47.45 on Friday. Invesco Dividend Achievers ETF has a one year low of $40.21 and a one year high of $48.28. The firm has a market capitalization of $724.56 million, a P/E ratio of 22.62 and a beta of 0.83. The company’s fifty day moving average is $46.80 and its two-hundred day moving average is $45.90.

Invesco Dividend Achievers ETF Dividend Announcement

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

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.