Invesco Dividend Achievers ETF (NASDAQ:PFM) Stock Holdings Raised by Raymond James & Associates

Raymond James & Associates raised its stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 3.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 384,769 shares of the company’s stock after acquiring an additional 14,462 shares during the period. Raymond James & Associates’ holdings in Invesco Dividend Achievers ETF were worth $17,911,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Stratos Wealth Partners LTD. increased its position in shares of Invesco Dividend Achievers ETF by 21.3% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 126,968 shares of the company’s stock worth $5,910,000 after purchasing an additional 22,261 shares during the last quarter. Good Life Advisors LLC raised its stake in Invesco Dividend Achievers ETF by 100.2% during the third quarter. Good Life Advisors LLC now owns 11,898 shares of the company’s stock worth $554,000 after acquiring an additional 5,955 shares during the period. Paladin Wealth LLC acquired a new stake in Invesco Dividend Achievers ETF during the third quarter worth about $70,000. Sanibel Captiva Trust Company Inc. acquired a new stake in Invesco Dividend Achievers ETF during the third quarter worth about $624,000. Finally, EWG Elevate Inc. acquired a new stake in Invesco Dividend Achievers ETF during the third quarter worth about $219,000.

Invesco Dividend Achievers ETF Stock Down 0.7 %

PFM opened at $46.25 on Friday. Invesco Dividend Achievers ETF has a fifty-two week low of $35.18 and a fifty-two week high of $47.35. The firm has a market cap of $706.70 million, a price-to-earnings ratio of 22.62 and a beta of 0.83. The company’s 50-day moving average price is $46.04 and its 200 day moving average price is $43.85.

Invesco Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.173 per share. This represents a $0.69 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Monday, September 23rd.

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.