Wells Fargo & Company MN lifted its holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 50.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 281,425 shares of the company’s stock after acquiring an additional 93,919 shares during the quarter. Wells Fargo & Company MN owned approximately 2.48% of Invesco Dividend Achievers ETF worth $6,939,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Flagship Harbor Advisors LLC acquired a new position in Invesco Dividend Achievers ETF during the 1st quarter worth $29,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Invesco Dividend Achievers ETF during the first quarter valued at $33,000. Total Clarity Wealth Management Inc. bought a new position in Invesco Dividend Achievers ETF in the fourth quarter valued at about $43,000. Arlington Partners LLC acquired a new stake in Invesco Dividend Achievers ETF in the first quarter worth about $103,000. Finally, Belpointe Asset Management LLC acquired a new stake in Invesco Dividend Achievers ETF in the fourth quarter worth about $125,000.
Shares of NASDAQ PFM opened at $27.87 on Wednesday. Invesco Dividend Achievers ETF has a 1 year low of $20.86 and a 1 year high of $31.76. The firm’s 50-day moving average is $28.02 and its 200-day moving average is $28.52.
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.
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