Invesco Dividend Achievers ETF (NASDAQ:PFM) Shares Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC boosted its holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 2.3% during the third quarter, Holdings Channel reports. The institutional investor owned 59,447 shares of the company’s stock after buying an additional 1,361 shares during the period. CreativeOne Wealth LLC’s holdings in Invesco Dividend Achievers ETF were worth $2,767,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Citizens Financial Group Inc. RI boosted its stake in Invesco Dividend Achievers ETF by 0.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 118,692 shares of the company’s stock worth $5,525,000 after buying an additional 753 shares during the last quarter. Retireful LLC acquired a new position in shares of Invesco Dividend Achievers ETF in the 3rd quarter valued at about $461,000. Simmons Bank acquired a new position in shares of Invesco Dividend Achievers ETF in the 3rd quarter valued at about $200,000. Atria Investments Inc acquired a new position in shares of Invesco Dividend Achievers ETF in the 3rd quarter valued at about $268,000. Finally, American Capital Advisory LLC acquired a new position in shares of Invesco Dividend Achievers ETF in the 3rd quarter valued at about $63,000.

Invesco Dividend Achievers ETF Price Performance

NASDAQ PFM opened at $48.01 on Thursday. The firm has a market capitalization of $733.59 million, a P/E ratio of 22.62 and a beta of 0.83. Invesco Dividend Achievers ETF has a 1-year low of $38.19 and a 1-year high of $48.23. The business’s 50-day simple moving average is $46.73 and its 200-day simple moving average is $44.78.

Invesco Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.173 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.69 annualized dividend and a dividend yield of 1.44%.

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.