8,461 Shares in Invesco Dividend Achievers ETF $PFM Bought by Ibex Wealth Advisors

Ibex Wealth Advisors bought a new position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,461 shares of the company’s stock, valued at approximately $408,000.

A number of other hedge funds have also made changes to their positions in PFM. CWM LLC raised its stake in shares of Invesco Dividend Achievers ETF by 58.0% during the 2nd quarter. CWM LLC now owns 689 shares of the company’s stock worth $33,000 after buying an additional 253 shares during the last quarter. Bank of Montreal Can increased its holdings in Invesco Dividend Achievers ETF by 1.6% during the 2nd quarter. Bank of Montreal Can now owns 21,300 shares of the company’s stock valued at $1,026,000 after acquiring an additional 345 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in Invesco Dividend Achievers ETF by 0.3% during the first quarter. Citizens Financial Group Inc. RI now owns 119,460 shares of the company’s stock worth $5,469,000 after acquiring an additional 385 shares during the last quarter. Focus Financial Network Inc. lifted its holdings in shares of Invesco Dividend Achievers ETF by 0.4% in the second quarter. Focus Financial Network Inc. now owns 113,378 shares of the company’s stock valued at $5,461,000 after purchasing an additional 459 shares in the last quarter. Finally, Flagship Harbor Advisors LLC grew its position in shares of Invesco Dividend Achievers ETF by 3.1% in the second quarter. Flagship Harbor Advisors LLC now owns 17,755 shares of the company’s stock valued at $855,000 after purchasing an additional 537 shares during the last quarter.

Invesco Dividend Achievers ETF Price Performance

Shares of PFM opened at $50.92 on Tuesday. Invesco Dividend Achievers ETF has a 1-year low of $40.01 and a 1-year high of $51.60. The stock has a market cap of $732.23 million, a price-to-earnings ratio of 23.20 and a beta of 0.82. The firm has a 50 day simple moving average of $50.65 and a 200-day simple moving average of $48.72.

Invesco Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a dividend of $0.1719 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.69 annualized dividend and a yield of 1.4%.

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.