Raymond James Financial Services Advisors Inc. Sells 4,493 Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM)

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Raymond James Financial Services Advisors Inc. lowered its position in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 18.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 19,457 shares of the company’s stock after selling 4,493 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Invesco Dividend Achievers ETF were worth $538,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wagner Bowman Management Corp acquired a new position in shares of Invesco Dividend Achievers ETF in the 1st quarter worth approximately $807,000. Bank of Montreal Can lifted its position in shares of Invesco Dividend Achievers ETF by 4.7% in the 1st quarter. Bank of Montreal Can now owns 54,114 shares of the company’s stock worth $1,497,000 after purchasing an additional 2,429 shares during the period. LPL Financial LLC lifted its position in shares of Invesco Dividend Achievers ETF by 3.5% in the 4th quarter. LPL Financial LLC now owns 162,947 shares of the company’s stock worth $4,025,000 after purchasing an additional 5,499 shares during the period. Advisor Group Inc. lifted its position in shares of Invesco Dividend Achievers ETF by 210.0% in the 4th quarter. Advisor Group Inc. now owns 19,972 shares of the company’s stock worth $494,000 after purchasing an additional 13,529 shares during the period. Finally, Clarfeld Financial Advisors LLC acquired a new position in shares of Invesco Dividend Achievers ETF in the 4th quarter worth approximately $1,147,000.

Shares of NASDAQ PFM opened at $28.56 on Friday. Invesco Dividend Achievers ETF has a 52-week low of $23.26 and a 52-week high of $28.59.

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Invesco Dividend Achievers ETF 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.

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Institutional Ownership by Quarter for Invesco Dividend Achievers ETF (NASDAQ:PFM)

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