SteelPeak Wealth LLC Buys 11,616 Shares of Invesco Dividend Achievers ETF $PFM

SteelPeak Wealth LLC purchased a new position in Invesco Dividend Achievers ETF (NASDAQ:PFM) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 11,616 shares of the company’s stock, valued at approximately $637,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TD Waterhouse Canada Inc. acquired a new position in shares of Invesco Dividend Achievers ETF during the third quarter valued at about $4,175,000. Focus Financial Network Inc. acquired a new stake in shares of Invesco Dividend Achievers ETF in the 3rd quarter valued at about $6,239,000. Farther Finance Advisors LLC acquired a new stake in shares of Invesco Dividend Achievers ETF in the 3rd quarter valued at about $208,000. Eastern Bank bought a new stake in Invesco Dividend Achievers ETF in the 3rd quarter valued at about $872,000. Finally, Citadel Advisors LLC increased its position in Invesco Dividend Achievers ETF by 6.2% in the 2nd quarter. Citadel Advisors LLC now owns 9,243 shares of the company’s stock valued at $513,000 after buying an additional 538 shares in the last quarter.

Invesco Dividend Achievers ETF Price Performance

Shares of Invesco Dividend Achievers ETF stock opened at $56.76 on Tuesday. The business has a 50-day simple moving average of $56.57 and a 200 day simple moving average of $55.45. Invesco Dividend Achievers ETF has a one year low of $49.98 and a one year high of $58.18. The firm has a market capitalization of $792.94 million, a price-to-earnings ratio of 23.20 and a beta of 0.77.

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.