SteelPeak Wealth LLC Has $833,000 Holdings in Invesco Dividend Achievers ETF $PFM

SteelPeak Wealth LLC decreased its position in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 88.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,283 shares of the company’s stock after selling 135,131 shares during the period. SteelPeak Wealth LLC’s holdings in Invesco Dividend Achievers ETF were worth $833,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its stake in Invesco Dividend Achievers ETF by 73.0% in the 1st quarter. Golden State Wealth Management LLC now owns 3,722 shares of the company’s stock valued at $170,000 after buying an additional 1,571 shares during the last quarter. Revisor Wealth Management LLC purchased a new stake in shares of Invesco Dividend Achievers ETF during the 1st quarter worth approximately $214,000. Sovran Advisors LLC purchased a new stake in shares of Invesco Dividend Achievers ETF during the 2nd quarter worth approximately $231,000. Townsquare Capital LLC increased its stake in shares of Invesco Dividend Achievers ETF by 15.2% during the 1st quarter. Townsquare Capital LLC now owns 7,606 shares of the company’s stock worth $348,000 after purchasing an additional 1,005 shares during the last quarter. Finally, Connecticut Wealth Management LLC purchased a new stake in shares of Invesco Dividend Achievers ETF during the 1st quarter worth approximately $367,000.

Invesco Dividend Achievers ETF Stock Up 0.2%

Shares of PFM stock opened at $51.14 on Thursday. The company has a 50 day moving average of $49.87 and a 200-day moving average of $47.53. Invesco Dividend Achievers ETF has a 12-month low of $40.01 and a 12-month high of $51.40. The firm has a market cap of $737.94 million, a P/E ratio of 23.20 and a beta of 0.83.

Invesco Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.1719 per share. The ex-dividend date was Monday, September 22nd. This represents a $0.69 annualized dividend and a dividend yield of 1.3%.

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.