Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM – Get Free Report) saw strong trading volume on Wednesday. Approximately 32,947 shares changed hands during trading, an increase of 36% from the average daily volume of 24,257 shares. The stock last traded at $58.9950 and had previously closed at $58.80.
Invesco Dividend Achievers ETF Stock Performance
The firm’s 50-day simple moving average is $56.71 and its 200 day simple moving average is $55.02. The stock has a market capitalization of $825.63 million, a P/E ratio of 24.36 and a beta of 0.76.
Institutional Trading of Invesco Dividend Achievers ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Focus Financial Network Inc. bought a new stake in Invesco Dividend Achievers ETF during the third quarter worth about $6,239,000. Citizens Financial Group Inc. RI bought a new position in Invesco Dividend Achievers ETF in the third quarter valued at approximately $4,605,000. Choreo LLC bought a new position in Invesco Dividend Achievers ETF in the third quarter valued at approximately $4,353,000. TD Waterhouse Canada Inc. bought a new position in Invesco Dividend Achievers ETF in the third quarter valued at approximately $4,175,000. Finally, Commonwealth Equity Services LLC bought a new position in Invesco Dividend Achievers ETF in the third quarter valued at approximately $3,296,000.
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. 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.
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