Flagship Harbor Advisors LLC Buys 537 Shares of Invesco Dividend Achievers ETF $PFM

Flagship Harbor Advisors LLC grew its stake in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,755 shares of the company’s stock after buying an additional 537 shares during the period. Flagship Harbor Advisors LLC owned 0.12% of Invesco Dividend Achievers ETF worth $855,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CWM LLC increased its position in shares of Invesco Dividend Achievers ETF by 58.0% in the second quarter. CWM LLC now owns 689 shares of the company’s stock worth $33,000 after purchasing an additional 253 shares during the last quarter. Briaud Financial Planning Inc bought a new position in shares of Invesco Dividend Achievers ETF in the second quarter worth approximately $187,000. Revisor Wealth Management LLC bought a new position in shares of Invesco Dividend Achievers ETF in the first quarter worth approximately $214,000. Sovran Advisors LLC bought a new position in shares of Invesco Dividend Achievers ETF in the second quarter worth approximately $231,000. Finally, Townsquare Capital LLC increased its position in shares of Invesco Dividend Achievers ETF by 15.2% in the first 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.

Invesco Dividend Achievers ETF Stock Down 0.1%

PFM opened at $50.94 on Friday. The stock has a market cap of $735.06 million, a PE ratio of 23.20 and a beta of 0.82. Invesco Dividend Achievers ETF has a 52 week low of $40.01 and a 52 week high of $51.60. The business’s fifty day simple moving average is $50.50 and its 200 day simple moving average is $48.31.

Invesco Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a $0.1719 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, September 22nd.

About Invesco Dividend Achievers ETF

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.