Good Life Advisors LLC Sells 5,759 Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM)

Good Life Advisors LLC decreased its stake in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 48.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,139 shares of the company’s stock after selling 5,759 shares during the quarter. Good Life Advisors LLC’s holdings in Invesco Dividend Achievers ETF were worth $282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ST Germain D J Co. Inc. purchased a new stake in Invesco Dividend Achievers ETF during the fourth quarter valued at $55,000. American Capital Advisory LLC purchased a new stake in Invesco Dividend Achievers ETF during the third quarter valued at $63,000. Private Wealth Management Group LLC purchased a new stake in Invesco Dividend Achievers ETF during the fourth quarter valued at $74,000. Golden State Wealth Management LLC purchased a new stake in Invesco Dividend Achievers ETF during the fourth quarter valued at $99,000. Finally, Simmons Bank purchased a new stake in Invesco Dividend Achievers ETF during the third quarter valued at $200,000.

Invesco Dividend Achievers ETF Stock Down 0.9 %

Invesco Dividend Achievers ETF stock opened at $47.48 on Friday. The company has a market cap of $725.97 million, a price-to-earnings ratio of 24.76 and a beta of 0.83. The firm’s fifty day moving average is $46.86 and its 200 day moving average is $46.43. Invesco Dividend Achievers ETF has a 52-week low of $40.43 and a 52-week high of $48.28.

Invesco Dividend Achievers ETF Dividend Announcement

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

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.