Invesco Dividend Achievers ETF (NASDAQ:PFM) Holdings Lowered by Flaharty Asset Management LLC

Flaharty Asset Management LLC reduced its position in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 798,646 shares of the company’s stock after selling 21,268 shares during the period. Invesco Dividend Achievers ETF accounts for about 5.3% of Flaharty Asset Management LLC’s investment portfolio, making the stock its 4th biggest position. Flaharty Asset Management LLC owned about 5.22% of Invesco Dividend Achievers ETF worth $36,626,000 at the end of the most recent reporting period.

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

Invesco Dividend Achievers ETF Price Performance

Shares of PFM stock opened at $47.79 on Friday. The business has a fifty day moving average of $46.96 and a 200 day moving average of $46.61. The firm has a market capitalization of $730.71 million, a price-to-earnings 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 announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given 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.