Invesco Dividend Achievers ETF (NASDAQ:PFM) Sees Strong Trading Volume – What’s Next?

Invesco Dividend Achievers ETF (NASDAQ:PFM) shares saw an uptick in trading volume on Friday . 31,800 shares traded hands during trading, an increase of 11% from the previous session’s volume of 28,534 shares.The stock last traded at $46.70 and had previously closed at $47.04.

Invesco Dividend Achievers ETF Stock Performance

The firm has a fifty day moving average price of $46.99 and a 200 day moving average price of $46.68. The company has a market cap of $711.12 million, a price-to-earnings ratio of 24.76 and a beta of 0.83.

Invesco Dividend Achievers ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.1813 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Invesco Dividend Achievers ETF

Several institutional investors have recently added to or reduced their stakes in the company. Atria Investments Inc acquired a new position in shares of Invesco Dividend Achievers ETF in the third quarter valued at about $268,000. Simmons Bank acquired a new position in Invesco Dividend Achievers ETF in the 3rd quarter valued at $200,000. Retireful LLC bought a new stake in shares of Invesco Dividend Achievers ETF during the 3rd quarter valued at $461,000. Citizens Financial Group Inc. RI grew its holdings in shares of Invesco Dividend Achievers ETF by 0.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 118,692 shares of the company’s stock worth $5,525,000 after purchasing an additional 753 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its position in shares of Invesco Dividend Achievers ETF by 2.3% in the third quarter. CreativeOne Wealth LLC now owns 59,447 shares of the company’s stock worth $2,767,000 after purchasing an additional 1,361 shares during the period.

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.