Commonwealth Equity Services LLC Sells 4,284 Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM)

Commonwealth Equity Services LLC lessened its position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 3.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,799 shares of the company’s stock after selling 4,284 shares during the period. Commonwealth Equity Services LLC owned approximately 0.87% of Invesco Dividend Achievers ETF worth $5,624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Citizens Financial Group Inc. RI increased its position in Invesco Dividend Achievers ETF by 0.4% during the first quarter. Citizens Financial Group Inc. RI now owns 117,672 shares of the company’s stock worth $5,009,000 after acquiring an additional 415 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Invesco Dividend Achievers ETF by 2.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 42,159 shares of the company’s stock valued at $1,682,000 after buying an additional 818 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Invesco Dividend Achievers ETF by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 166,296 shares of the company’s stock valued at $6,634,000 after buying an additional 838 shares during the period. Tidemark LLC acquired a new stake in Invesco Dividend Achievers ETF during the fourth quarter worth approximately $47,000. Finally, Capital Advisory Group Advisory Services LLC increased its stake in Invesco Dividend Achievers ETF by 2.5% during the 2nd quarter. Capital Advisory Group Advisory Services LLC now owns 49,338 shares of the company’s stock worth $2,105,000 after acquiring an additional 1,195 shares during the period.

Invesco Dividend Achievers ETF Stock Performance

NASDAQ:PFM opened at $44.69 on Friday. The company has a market cap of $678.36 million, a price-to-earnings ratio of 22.62 and a beta of 0.83. Invesco Dividend Achievers ETF has a fifty-two week low of $35.18 and a fifty-two week high of $45.93. The stock has a fifty day moving average price of $44.17 and a 200-day moving average price of $42.76.

Invesco Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a dividend of $0.1922 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.72%. This is an increase from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, June 24th.

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.