Advanced Asset Management Advisors Inc acquired a new stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) during the 4th quarter, Holdings Channel reports. The firm acquired 3,433 shares of the company’s stock, valued at approximately $105,000.

Several other institutional investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new stake in Invesco Dividend Achievers ETF during the fourth quarter valued at approximately $27,000. Allred Capital Management LLC acquired a new stake in Invesco Dividend Achievers ETF in the 4th quarter worth about $52,000. Carroll Financial Associates Inc. boosted its holdings in Invesco Dividend Achievers ETF by 6.1% in the 4th quarter. Carroll Financial Associates Inc. now owns 15,924 shares of the company’s stock worth $489,000 after buying an additional 920 shares during the last quarter. First Allied Advisory Services Inc. acquired a new stake in Invesco Dividend Achievers ETF in the 3rd quarter worth about $144,000. Finally, Commonwealth Equity Services LLC boosted its holdings in Invesco Dividend Achievers ETF by 2.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 81,362 shares of the company’s stock worth $2,405,000 after buying an additional 2,117 shares during the last quarter.

PFM stock traded down $0.05 during trading on Thursday, hitting $31.42. The stock had a trading volume of 12,619 shares, compared to its average volume of 23,486. Invesco Dividend Achievers ETF has a twelve month low of $25.52 and a twelve month high of $31.57. The company’s 50-day moving average price is $30.72 and its two-hundred day moving average price is $29.70.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were paid a dividend of $0.1743 per share. The ex-dividend date was Monday, December 23rd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.22%. This is an increase from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.16.

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.

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Institutional Ownership by Quarter for Invesco Dividend Achievers ETF (NASDAQ:PFM)

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