Independent Financial Group LLC Takes Position in Invesco Dividend Achievers ETF $PFM

Independent Financial Group LLC bought a new position in Invesco Dividend Achievers ETF (NASDAQ:PFM) in the 1st quarter, Holdings Channel reports. The firm bought 22,702 shares of the company’s stock, valued at approximately $1,160,000.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp bought a new position in Invesco Dividend Achievers ETF during the 1st quarter valued at about $28,000. Sound Income Strategies LLC bought a new stake in Invesco Dividend Achievers ETF in the fourth quarter worth about $59,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Invesco Dividend Achievers ETF during the fourth quarter valued at approximately $83,000. International Assets Investment Management LLC purchased a new position in shares of Invesco Dividend Achievers ETF during the fourth quarter valued at approximately $86,000. Finally, AlphaCore Capital LLC bought a new position in shares of Invesco Dividend Achievers ETF during the fourth quarter valued at approximately $99,000.

Invesco Dividend Achievers ETF Stock Performance

Shares of NASDAQ PFM opened at $55.56 on Tuesday. The business’s 50 day moving average price is $55.24 and its 200-day moving average price is $53.63. Invesco Dividend Achievers ETF has a fifty-two week low of $47.89 and a fifty-two week high of $56.45. The company has a market cap of $778.95 million, a price-to-earnings ratio of 23.20 and a beta of 0.78.

Invesco Dividend Achievers ETF Dividend Announcement

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

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.