Invesco Dividend Achievers ETF (NASDAQ:PFM) Reaches New 1-Year High at $42.61

Invesco Dividend Achievers ETF (NASDAQ:PFM)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $42.61 and last traded at $42.61, with a volume of 10337 shares. The stock had previously closed at $42.49.

Invesco Dividend Achievers ETF Trading Up 0.2 %

The stock has a market capitalization of $660.26 million, a PE ratio of 16.29 and a beta of 0.83. The firm has a 50 day moving average price of $41.28 and a 200 day moving average price of $39.12.

Invesco Dividend Achievers ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a $0.1802 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.72 dividend on an annualized basis and a yield of 1.69%.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

A number of institutional investors have recently bought and sold shares of the business. United Advisor Group LLC bought a new position in shares of Invesco Dividend Achievers ETF during the 4th quarter valued at about $333,000. Royal Bank of Canada lifted its stake in Invesco Dividend Achievers ETF by 10.5% in the fourth quarter. Royal Bank of Canada now owns 269,962 shares of the company’s stock worth $10,769,000 after purchasing an additional 25,584 shares during the last quarter. CFS Investment Advisory Services LLC lifted its stake in Invesco Dividend Achievers ETF by 35.0% in the fourth quarter. CFS Investment Advisory Services LLC now owns 19,039 shares of the company’s stock worth $759,000 after purchasing an additional 4,933 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Invesco Dividend Achievers ETF by 17.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,492 shares of the company’s stock worth $538,000 after purchasing an additional 1,999 shares during the last quarter. Finally, Cetera Advisor Networks LLC lifted its stake in Invesco Dividend Achievers ETF by 5.9% in the fourth quarter. Cetera Advisor Networks LLC now owns 35,386 shares of the company’s stock worth $1,412,000 after purchasing an additional 1,964 shares during the last quarter.

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.