Creative Planning Boosts Holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Creative Planning lifted its stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 2.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 9,313 shares of the company’s stock after purchasing an additional 256 shares during the quarter. Creative Planning’s holdings in Invesco Dividend Achievers ETF were worth $397,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Flaharty Asset Management LLC grew its position in shares of Invesco Dividend Achievers ETF by 1.0% in the 2nd quarter. Flaharty Asset Management LLC now owns 831,887 shares of the company’s stock valued at $35,497,000 after buying an additional 8,508 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Invesco Dividend Achievers ETF by 4.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 449,214 shares of the company’s stock valued at $19,168,000 after purchasing an additional 20,696 shares during the period. Raymond James & Associates grew its stake in Invesco Dividend Achievers ETF by 59.6% during the second quarter. Raymond James & Associates now owns 370,307 shares of the company’s stock worth $15,801,000 after buying an additional 138,313 shares during the period. Atria Wealth Solutions Inc. grew its stake in Invesco Dividend Achievers ETF by 3.1% during the second quarter. Atria Wealth Solutions Inc. now owns 216,393 shares of the company’s stock worth $9,234,000 after buying an additional 6,530 shares during the period. Finally, Atlas Private Wealth Advisors lifted its position in shares of Invesco Dividend Achievers ETF by 52.8% during the second quarter. Atlas Private Wealth Advisors now owns 139,730 shares of the company’s stock worth $5,962,000 after purchasing an additional 48,270 shares in the last quarter.

Invesco Dividend Achievers ETF Price Performance

PFM opened at $47.20 on Thursday. Invesco Dividend Achievers ETF has a 12-month low of $35.18 and a 12-month high of $47.29. The firm’s fifty day moving average price is $45.65 and its 200 day moving average price is $43.62. The stock has a market capitalization of $736.39 million, a PE ratio of 22.62 and a beta of 0.83.

Invesco Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.173 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.69 annualized dividend and a dividend yield of 1.47%.

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.