Invesco Dividend Achievers ETF (NASDAQ:PFM) Hits New 1-Year High at $45.59

Invesco Dividend Achievers ETF (NASDAQ:PFM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $45.59 and last traded at $45.58, with a volume of 2641 shares traded. The stock had previously closed at $45.49.

Invesco Dividend Achievers ETF Stock Performance

The stock has a market capitalization of $691.30 million, a P/E ratio of 22.62 and a beta of 0.83. The business has a 50-day moving average price of $43.77 and a 200 day moving average price of $42.51.

Invesco Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a dividend of $0.1922 per share. This represents a $0.77 annualized dividend and a yield of 1.69%. This is an increase from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, June 24th.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Choreo LLC boosted its position in shares of Invesco Dividend Achievers ETF by 0.3% during the fourth quarter. Choreo LLC now owns 112,530 shares of the company’s stock valued at $4,489,000 after buying an additional 309 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in shares of Invesco Dividend Achievers ETF by 1.9% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 431,916 shares of the company’s stock valued at $17,229,000 after acquiring an additional 8,117 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Invesco Dividend Achievers ETF by 18.3% in the fourth quarter. Private Advisor Group LLC now owns 32,866 shares of the company’s stock worth $1,311,000 after acquiring an additional 5,092 shares during the period. Northwest Financial Advisors purchased a new position in shares of Invesco Dividend Achievers ETF during the fourth quarter valued at approximately $218,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Invesco Dividend Achievers ETF by 0.5% during the fourth quarter. Wells Fargo & Company MN now owns 166,296 shares of the company’s stock valued at $6,634,000 after purchasing an additional 838 shares during the last quarter.

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.