Invesco Dividend Achievers ETF (NASDAQ:PFM) Reaches New 1-Year High at $42.61

Invesco Dividend Achievers ETF (NASDAQ:PFM) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $42.61 and last traded at $42.61, with a volume of 10337 shares trading hands. The stock had previously closed at $42.49.

Invesco Dividend Achievers ETF Price Performance

The stock has a market capitalization of $660.26 million, a P/E ratio of 16.29 and a beta of 0.83. The company has a 50 day simple moving average of $41.28 and a 200-day simple moving average of $39.12.

Invesco Dividend Achievers ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a $0.1802 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.72 annualized dividend and a dividend yield of 1.69%.

Institutional Trading of Invesco Dividend Achievers ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacific Center for Financial Services bought a new stake in shares of Invesco Dividend Achievers ETF during the 1st quarter valued at $30,000. FinTrust Capital Advisors LLC purchased a new position in Invesco Dividend Achievers ETF during the fourth quarter worth about $33,000. Castleview Partners LLC purchased a new position in Invesco Dividend Achievers ETF during the second quarter worth about $38,000. Impact Partnership Wealth LLC purchased a new position in Invesco Dividend Achievers ETF during the third quarter worth about $40,000. Finally, Tidemark LLC purchased a new position in Invesco Dividend Achievers ETF during the fourth quarter worth about $47,000.

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.