Invesco Dividend Achievers ETF (NASDAQ:PFM) Short Interest Update

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 9,066 shares, a decrease of 62.5% from the December 31st total of 24,167 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 37,720 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 37,720 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Invesco Dividend Achievers ETF Stock Performance

Shares of PFM traded down $0.01 during mid-day trading on Friday, reaching $52.75. The company had a trading volume of 11,653 shares, compared to its average volume of 36,103. The company has a market capitalization of $761.71 million, a price-to-earnings ratio of 23.20 and a beta of 0.82. The firm has a 50-day moving average price of $52.08 and a 200 day moving average price of $50.75. Invesco Dividend Achievers ETF has a 52 week low of $40.01 and a 52 week high of $53.02.

Invesco Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.17.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in Invesco Dividend Achievers ETF by 17.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,147 shares of the company’s stock valued at $496,000 after acquiring an additional 1,501 shares in the last quarter. CreativeOne Wealth LLC boosted its position in shares of Invesco Dividend Achievers ETF by 9.3% during the second quarter. CreativeOne Wealth LLC now owns 69,363 shares of the company’s stock valued at $3,341,000 after buying an additional 5,897 shares during the last quarter. Ibex Wealth Advisors bought a new stake in Invesco Dividend Achievers ETF in the 2nd quarter worth about $408,000. Kingswood Wealth Advisors LLC purchased a new position in Invesco Dividend Achievers ETF in the 3rd quarter worth about $2,302,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in Invesco Dividend Achievers ETF by 3.6% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 45,402 shares of the company’s stock valued at $2,187,000 after acquiring an additional 1,592 shares during the period.

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. The portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index.