Invesco Dividend Achievers ETF (NASDAQ:PFM) Holdings Cut by LPL Financial LLC

LPL Financial LLC cut its stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,036,400 shares of the company’s stock after selling 7,714 shares during the quarter. LPL Financial LLC owned approximately 0.13% of Invesco Dividend Achievers ETF worth $94,794,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James & Associates lifted its stake in Invesco Dividend Achievers ETF by 59.6% in the second quarter. Raymond James & Associates now owns 370,307 shares of the company’s stock valued at $15,801,000 after acquiring an additional 138,313 shares during the last quarter. Waverly Advisors LLC acquired a new stake in shares of Invesco Dividend Achievers ETF in the 1st quarter valued at $2,496,000. Atlas Private Wealth Advisors boosted its holdings in Invesco Dividend Achievers ETF by 52.8% in the second quarter. Atlas Private Wealth Advisors now owns 139,730 shares of the company’s stock worth $5,962,000 after purchasing an additional 48,270 shares in the last quarter. Cetera Investment Advisers acquired a new position in Invesco Dividend Achievers ETF during the first quarter worth $2,013,000. Finally, Stratos Wealth Partners LTD. raised its holdings in Invesco Dividend Achievers ETF by 21.3% during the third quarter. Stratos Wealth Partners LTD. now owns 126,968 shares of the company’s stock valued at $5,910,000 after buying an additional 22,261 shares in the last quarter.

Invesco Dividend Achievers ETF Price Performance

Shares of NASDAQ:PFM opened at $47.68 on Friday. The stock has a market capitalization of $728.59 million, a P/E ratio of 22.62 and a beta of 0.83. The business has a 50-day moving average of $46.62 and a two-hundred day moving average of $44.63. Invesco Dividend Achievers ETF has a fifty-two week low of $38.19 and a fifty-two week high of $47.80.

Invesco Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.173 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.69 dividend on an annualized basis and a yield of 1.45%.

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.