EP Wealth Advisors LLC Sells 7,470 Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM)

EP Wealth Advisors LLC trimmed its position in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 40.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,875 shares of the company’s stock after selling 7,470 shares during the period. EP Wealth Advisors LLC owned approximately 0.07% of Invesco Dividend Achievers ETF worth $434,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Key Financial Inc lifted its holdings in shares of Invesco Dividend Achievers ETF by 77.6% in the fourth quarter. Key Financial Inc now owns 2,849 shares of the company’s stock valued at $114,000 after purchasing an additional 1,245 shares in the last quarter. Bond & Devick Financial Network Inc. lifted its holdings in shares of Invesco Dividend Achievers ETF by 4.2% in the fourth quarter. Bond & Devick Financial Network Inc. now owns 13,561 shares of the company’s stock valued at $541,000 after purchasing an additional 541 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Invesco Dividend Achievers ETF by 3.6% in the fourth quarter. Raymond James & Associates now owns 238,698 shares of the company’s stock valued at $9,522,000 after purchasing an additional 8,197 shares in the last quarter. Flaharty Asset Management LLC lifted its holdings in shares of Invesco Dividend Achievers ETF by 0.5% in the fourth quarter. Flaharty Asset Management LLC now owns 752,530 shares of the company’s stock valued at $30,018,000 after purchasing an additional 3,466 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of Invesco Dividend Achievers ETF by 97.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 16,202 shares of the company’s stock valued at $646,000 after purchasing an additional 8,002 shares in the last quarter.

Invesco Dividend Achievers ETF Stock Performance

PFM opened at $43.18 on Wednesday. Invesco Dividend Achievers ETF has a 52-week low of $35.18 and a 52-week high of $43.21. The firm has a market capitalization of $670.61 million, a PE ratio of 22.62 and a beta of 0.83. The business’s 50-day simple moving average is $41.93 and its 200 day simple moving average is $41.14.

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.