Good Life Advisors LLC Cuts Stock Holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Good Life Advisors LLC trimmed its position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 48.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,139 shares of the company’s stock after selling 5,759 shares during the period. Good Life Advisors LLC’s holdings in Invesco Dividend Achievers ETF were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. purchased a new position in shares of Invesco Dividend Achievers ETF during the 4th quarter valued at approximately $55,000. American Capital Advisory LLC purchased a new position in shares of Invesco Dividend Achievers ETF during the 3rd quarter valued at approximately $63,000. Private Wealth Management Group LLC purchased a new position in shares of Invesco Dividend Achievers ETF during the 4th quarter valued at approximately $74,000. Golden State Wealth Management LLC purchased a new position in shares of Invesco Dividend Achievers ETF during the 4th quarter valued at approximately $99,000. Finally, Simmons Bank purchased a new position in shares of Invesco Dividend Achievers ETF during the 3rd quarter valued at approximately $200,000.

Invesco Dividend Achievers ETF Price Performance

NASDAQ:PFM opened at $47.48 on Friday. The firm has a market cap of $725.97 million, a price-to-earnings ratio of 24.76 and a beta of 0.83. The company has a 50 day moving average price of $46.86 and a 200-day moving average price of $46.43. Invesco Dividend Achievers ETF has a 1-year low of $40.43 and a 1-year high of $48.28.

Invesco Dividend Achievers ETF Dividend Announcement

The business also recently declared 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 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.