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

Invesco Dividend Achievers ETF (NASDAQ:PFM) shares saw strong trading volume on Wednesday . 305,438 shares were traded during mid-day trading, an increase of 425% from the previous session’s volume of 58,226 shares.The stock last traded at $47.25 and had previously closed at $47.36.

Invesco Dividend Achievers ETF Trading Down 0.4 %

The business’s fifty day moving average price is $46.85 and its 200 day moving average price is $46.03. The company has a market capitalization of $719.02 million, a P/E ratio of 22.62 and a beta of 0.83.

Invesco Dividend Achievers ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.1813 per share. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Invesco Dividend Achievers ETF

A number of large investors have recently bought and sold shares of the stock. ST Germain D J Co. Inc. bought a new position in shares of Invesco Dividend Achievers ETF during the fourth quarter valued at $55,000. American Capital Advisory LLC acquired a new position in Invesco Dividend Achievers ETF in the third quarter valued at about $63,000. Paladin Wealth LLC bought a new stake in Invesco Dividend Achievers ETF during the third quarter worth about $70,000. Private Wealth Management Group LLC acquired a new stake in shares of Invesco Dividend Achievers ETF during the fourth quarter worth approximately $74,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Invesco Dividend Achievers ETF in the fourth quarter valued at approximately $99,000.

About Invesco Dividend Achievers ETF

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.