TD Waterhouse Canada Inc. Acquires New Stake in Invesco Dividend Achievers ETF $PFM

TD Waterhouse Canada Inc. acquired a new position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 76,178 shares of the company’s stock, valued at approximately $4,175,000.

A number of other hedge funds have also made changes to their positions in PFM. Focus Financial Network Inc. boosted its stake in shares of Invesco Dividend Achievers ETF by 0.3% in the second quarter. Focus Financial Network Inc. now owns 113,600 shares of the company’s stock worth $6,300,000 after acquiring an additional 326 shares during the last quarter. Royal Bank of Canada raised its stake in Invesco Dividend Achievers ETF by 4.4% in the 1st quarter. Royal Bank of Canada now owns 73,958 shares of the company’s stock valued at $3,778,000 after purchasing an additional 3,114 shares during the last quarter. SteelPeak Wealth LLC raised its stake in Invesco Dividend Achievers ETF by 497.3% in the 1st quarter. SteelPeak Wealth LLC now owns 53,914 shares of the company’s stock valued at $2,755,000 after purchasing an additional 44,888 shares during the last quarter. Waverly Advisors LLC raised its stake in Invesco Dividend Achievers ETF by 0.4% in the 1st quarter. Waverly Advisors LLC now owns 46,732 shares of the company’s stock valued at $2,388,000 after purchasing an additional 192 shares during the last quarter. Finally, Independent Financial Group LLC purchased a new position in Invesco Dividend Achievers ETF in the 1st quarter valued at $1,160,000.

Invesco Dividend Achievers ETF Stock Performance

Shares of PFM stock opened at $57.21 on Wednesday. The stock’s fifty day moving average is $56.55 and its two-hundred day moving average is $55.49. The firm has a market capitalization of $799.22 million, a P/E ratio of 23.20 and a beta of 0.77. Invesco Dividend Achievers ETF has a fifty-two week low of $49.98 and a fifty-two week high of $58.18.

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.