Invesco Dividend Achievers ETF $PFM Stock Position Lowered by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI lessened its position in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 16.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,674 shares of the company’s stock after selling 19,486 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Invesco Dividend Achievers ETF were worth $4,928,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PFM. Raymond James Financial Inc. increased its stake in Invesco Dividend Achievers ETF by 0.4% in the 2nd quarter. Raymond James Financial Inc. now owns 846,279 shares of the company’s stock valued at $40,765,000 after buying an additional 3,596 shares during the period. Flaharty Asset Management LLC acquired a new position in Invesco Dividend Achievers ETF in the 3rd quarter valued at approximately $25,379,000. Bank of America Corp DE increased its stake in Invesco Dividend Achievers ETF by 0.7% in the 3rd quarter. Bank of America Corp DE now owns 275,362 shares of the company’s stock valued at $13,972,000 after buying an additional 1,809 shares during the period. CPC Advisors LLC acquired a new position in Invesco Dividend Achievers ETF in the 4th quarter valued at approximately $7,851,000. Finally, Jones Financial Companies Lllp increased its stake in Invesco Dividend Achievers ETF by 6.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 148,265 shares of the company’s stock valued at $7,482,000 after buying an additional 8,410 shares during the period.

Invesco Dividend Achievers ETF Stock Performance

Invesco Dividend Achievers ETF stock opened at $54.05 on Friday. The firm has a market cap of $763.73 million, a PE ratio of 23.20 and a beta of 0.80. The firm’s 50 day moving average price is $52.47 and its two-hundred day moving average price is $52.12. Invesco Dividend Achievers ETF has a twelve month low of $45.00 and a twelve month high of $54.39.

Invesco Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.1949 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.78 annualized dividend and a yield of 1.4%. This is a boost from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18.

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. The portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index.