Invesco Dividend Achievers ETF $PFM Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC boosted its stake in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 55.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,787 shares of the company’s stock after acquiring an additional 20,354 shares during the quarter. HighTower Advisors LLC’s holdings in Invesco Dividend Achievers ETF were worth $2,925,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its stake in shares of Invesco Dividend Achievers ETF by 0.4% during the 2nd quarter. Raymond James Financial Inc. now owns 846,279 shares of the company’s stock worth $40,765,000 after buying an additional 3,596 shares in the last quarter. IHT Wealth Management LLC raised its stake in shares of Invesco Dividend Achievers ETF by 13.7% during the 2nd quarter. IHT Wealth Management LLC now owns 8,754 shares of the company’s stock worth $422,000 after buying an additional 1,052 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Invesco Dividend Achievers ETF by 3.0% during the 2nd quarter. MML Investors Services LLC now owns 66,062 shares of the company’s stock worth $3,182,000 after buying an additional 1,943 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Invesco Dividend Achievers ETF by 5.1% during the 2nd quarter. Advisory Services Network LLC now owns 12,373 shares of the company’s stock worth $599,000 after buying an additional 597 shares in the last quarter. Finally, Flaharty Asset Management LLC purchased a new position in shares of Invesco Dividend Achievers ETF during the 3rd quarter worth approximately $25,379,000.

Invesco Dividend Achievers ETF Trading Up 0.4%

Shares of PFM stock opened at $55.38 on Friday. The company has a market cap of $782.52 million, a price-to-earnings ratio of 23.20 and a beta of 0.78. The stock has a 50 day simple moving average of $53.10 and a 200-day simple moving average of $52.61. Invesco Dividend Achievers ETF has a 12-month low of $46.15 and a 12-month high of $55.38.

Invesco Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.1949 per share. This is a positive change from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.4%.

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. 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.