Flaharty Asset Management LLC Takes Position in Invesco Dividend Achievers ETF $PFM

Flaharty Asset Management LLC bought a new position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) in the third quarter, Holdings Channel.com reports. The institutional investor bought 500,099 shares of the company’s stock, valued at approximately $25,379,000. Invesco Dividend Achievers ETF accounts for 3.2% of Flaharty Asset Management LLC’s portfolio, making the stock its 15th biggest holding.

Other large investors have also recently bought and sold shares of the company. CWM LLC raised its position in Invesco Dividend Achievers ETF by 58.0% during the 2nd quarter. CWM LLC now owns 689 shares of the company’s stock worth $33,000 after buying an additional 253 shares during the last quarter. Briaud Financial Planning Inc acquired a new position in Invesco Dividend Achievers ETF during the second quarter valued at $187,000. Sovran Advisors LLC boosted its holdings in Invesco Dividend Achievers ETF by 10.4% in the third quarter. Sovran Advisors LLC now owns 5,245 shares of the company’s stock valued at $267,000 after purchasing an additional 496 shares during the last quarter. Caldwell Trust Co acquired a new stake in Invesco Dividend Achievers ETF during the 2nd quarter worth about $296,000. Finally, Good Life Advisors LLC raised its stake in shares of Invesco Dividend Achievers ETF by 14.3% during the 2nd quarter. Good Life Advisors LLC now owns 7,234 shares of the company’s stock valued at $348,000 after buying an additional 905 shares during the last quarter.

Invesco Dividend Achievers ETF Stock Down 0.0%

Shares of PFM stock opened at $52.75 on Friday. Invesco Dividend Achievers ETF has a 52-week low of $40.01 and a 52-week high of $53.02. The stock has a market cap of $761.71 million, a PE ratio of 23.20 and a beta of 0.82. The business has a 50-day simple moving average of $52.08 and a 200-day simple moving average of $50.77.

Invesco Dividend Achievers ETF Increases Dividend

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

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. 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.