Invesco Dividend Achievers ETF (NASDAQ:PFM) Holdings Lowered by HighTower Advisors LLC

HighTower Advisors LLC lowered its stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,651 shares of the company’s stock after selling 331 shares during the quarter. HighTower Advisors LLC owned approximately 0.25% of Invesco Dividend Achievers ETF worth $1,750,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new position in shares of Invesco Dividend Achievers ETF in the second quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Invesco Dividend Achievers ETF in the second quarter valued at $61,000. American Capital Advisory LLC purchased a new stake in shares of Invesco Dividend Achievers ETF in the third quarter valued at $63,000. Paladin Wealth LLC acquired a new stake in shares of Invesco Dividend Achievers ETF in the third quarter worth $70,000. Finally, Simmons Bank purchased a new position in shares of Invesco Dividend Achievers ETF during the third quarter valued at $200,000.

Invesco Dividend Achievers ETF Trading Up 0.6 %

Shares of Invesco Dividend Achievers ETF stock opened at $47.40 on Friday. Invesco Dividend Achievers ETF has a 1 year low of $39.21 and a 1 year high of $48.28. The company has a market cap of $724.27 million, a P/E ratio of 22.62 and a beta of 0.83. The stock has a 50-day moving average price of $47.06 and a 200 day moving average price of $45.18.

Invesco Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.173 per share. This represents a $0.69 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Monday, September 23rd.

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.