Stratos Wealth Partners LTD. Sells 40,633 Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM)

Stratos Wealth Partners LTD. trimmed its stake in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 32.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 86,335 shares of the company’s stock after selling 40,633 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Invesco Dividend Achievers ETF were worth $3,959,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PFM. Creative Planning lifted its stake in Invesco Dividend Achievers ETF by 2.8% during the second quarter. Creative Planning now owns 9,313 shares of the company’s stock worth $397,000 after purchasing an additional 256 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of Invesco Dividend Achievers ETF by 0.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 118,692 shares of the company’s stock worth $5,525,000 after buying an additional 753 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Invesco Dividend Achievers ETF by 11.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,127 shares of the company’s stock valued at $373,000 after buying an additional 815 shares in the last quarter. MML Investors Services LLC grew its position in Invesco Dividend Achievers ETF by 1.8% in the third quarter. MML Investors Services LLC now owns 58,741 shares of the company’s stock valued at $2,734,000 after acquiring an additional 1,054 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in Invesco Dividend Achievers ETF during the fourth quarter worth about $55,000.

Invesco Dividend Achievers ETF Trading Down 0.0 %

PFM opened at $47.76 on Friday. The company has a market cap of $730.25 million, a P/E ratio of 22.62 and a beta of 0.83. The company’s 50 day moving average is $46.83 and its 200-day moving average is $46.16. Invesco Dividend Achievers ETF has a 1-year low of $40.21 and a 1-year high of $48.28.

Invesco Dividend Achievers ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.1813 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.