Ashton Thomas Private Wealth LLC Makes New $61,000 Investment in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Ashton Thomas Private Wealth LLC acquired a new position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,430 shares of the company’s stock, valued at approximately $61,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Citizens Financial Group Inc. RI boosted its holdings in Invesco Dividend Achievers ETF by 0.4% in the first quarter. Citizens Financial Group Inc. RI now owns 117,672 shares of the company’s stock valued at $5,009,000 after purchasing an additional 415 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Invesco Dividend Achievers ETF in the 2nd quarter valued at $34,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Invesco Dividend Achievers ETF by 2.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 42,159 shares of the company’s stock valued at $1,682,000 after buying an additional 818 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Invesco Dividend Achievers ETF by 0.5% in the 4th quarter. Wells Fargo & Company MN now owns 166,296 shares of the company’s stock valued at $6,634,000 after buying an additional 838 shares during the last quarter. Finally, Tidemark LLC acquired a new stake in Invesco Dividend Achievers ETF during the 4th quarter worth $47,000.

Invesco Dividend Achievers ETF Stock Performance

Invesco Dividend Achievers ETF stock opened at $46.01 on Monday. The company has a market capitalization of $698.43 million, a P/E ratio of 22.62 and a beta of 0.83. Invesco Dividend Achievers ETF has a fifty-two week low of $35.18 and a fifty-two week high of $46.07. The stock has a 50-day simple moving average of $44.44 and a 200-day simple moving average of $42.91.

Invesco Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a dividend of $0.1922 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.67%. This is a positive change from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18.

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.