Invesco Dividend Achievers ETF (NASDAQ:PFM) Short Interest Update

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,382 shares, a growth of 207.8% from the May 31st total of 449 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 15,595 shares, the short-interest ratio is currently 0.1 days.

Invesco Dividend Achievers ETF Trading Up 0.3%

Shares of NASDAQ PFM opened at $55.41 on Tuesday. Invesco Dividend Achievers ETF has a one year low of $47.89 and a one year high of $55.92. The firm has a market capitalization of $782.94 million, a PE ratio of 23.20 and a beta of 0.78. The business has a 50-day moving average price of $54.63 and a two-hundred day moving average price of $53.21.

Invesco Dividend Achievers ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.1929 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco Dividend Achievers ETF

Several institutional investors have recently made changes to their positions in PFM. Raymond James Financial Inc. increased its stake in Invesco Dividend Achievers ETF by 0.4% in the 2nd quarter. Raymond James Financial Inc. now owns 846,279 shares of the company’s stock valued at $40,765,000 after buying an additional 3,596 shares during the period. IHT Wealth Management LLC boosted its stake in shares of Invesco Dividend Achievers ETF by 13.7% during the 2nd quarter. IHT Wealth Management LLC now owns 8,754 shares of the company’s stock valued at $422,000 after buying an additional 1,052 shares during the period. MML Investors Services LLC boosted its stake in shares of Invesco Dividend Achievers ETF by 3.0% during the 2nd quarter. MML Investors Services LLC now owns 66,062 shares of the company’s stock valued at $3,182,000 after buying an additional 1,943 shares during the period. Advisory Services Network LLC boosted its stake in shares of Invesco Dividend Achievers ETF by 5.1% during the 2nd quarter. Advisory Services Network LLC now owns 12,373 shares of the company’s stock valued at $599,000 after buying an additional 597 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Invesco Dividend Achievers ETF by 13.3% in the third quarter. Envestnet Asset Management Inc. now owns 11,100 shares of the company’s stock worth $563,000 after acquiring an additional 1,307 shares during the last quarter.

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. The portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index.