Modera Wealth Management LLC Makes New $206,000 Investment in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Modera Wealth Management LLC acquired a new stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,495 shares of the company’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PFM. Dorsey Wright & Associates purchased a new position in Invesco Dividend Achievers ETF during the 3rd quarter worth $2,329,000. SteelPeak Wealth LLC raised its holdings in Invesco Dividend Achievers ETF by 229.5% during the fourth quarter. SteelPeak Wealth LLC now owns 56,947 shares of the company’s stock worth $2,612,000 after purchasing an additional 39,664 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in Invesco Dividend Achievers ETF during the fourth quarter worth about $1,090,000. Retireful LLC acquired a new stake in Invesco Dividend Achievers ETF in the third quarter valued at about $461,000. Finally, Stifel Financial Corp boosted its holdings in Invesco Dividend Achievers ETF by 86.4% in the 3rd quarter. Stifel Financial Corp now owns 20,255 shares of the company’s stock valued at $943,000 after purchasing an additional 9,387 shares in the last quarter.

Invesco Dividend Achievers ETF Trading Up 0.8 %

NASDAQ PFM opened at $47.04 on Thursday. The business’s 50 day moving average is $46.99 and its two-hundred day moving average is $46.68. The stock has a market capitalization of $719.24 million, a price-to-earnings ratio of 24.76 and a beta of 0.83. Invesco Dividend Achievers ETF has a 12-month low of $40.43 and a 12-month high of $48.28.

Invesco Dividend Achievers ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a $0.1813 dividend. 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.