Invesco Dividend Achievers ETF (NASDAQ:PFM) Reaches New 12-Month High at $43.35

Invesco Dividend Achievers ETF (NASDAQ:PFM) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $43.35 and last traded at $43.35, with a volume of 16574 shares changing hands. The stock had previously closed at $42.96.

Invesco Dividend Achievers ETF Stock Performance

The stock’s fifty day moving average is $42.61 and its two-hundred day moving average is $41.55. The firm has a market capitalization of $666.64 million, a price-to-earnings ratio of 22.62 and a beta of 0.83.

Invesco Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were paid a $0.1922 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.77 annualized dividend and a dividend yield of 1.76%. This is a boost from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18.

Institutional Trading of Invesco Dividend Achievers ETF

Institutional investors have recently made changes to their positions in the stock. Focus Financial Network Inc. ADV bought a new stake in Invesco Dividend Achievers ETF in the 4th quarter valued at $4,492,000. Waverly Advisors LLC bought a new stake in Invesco Dividend Achievers ETF in the 1st quarter valued at $2,496,000. Atlas Private Wealth Advisors increased its holdings in Invesco Dividend Achievers ETF by 52.8% in the 2nd quarter. Atlas Private Wealth Advisors now owns 139,730 shares of the company’s stock valued at $5,962,000 after buying an additional 48,270 shares during the period. Cetera Investment Advisers bought a new stake in Invesco Dividend Achievers ETF in the 1st quarter valued at $2,013,000. Finally, CreativeOne Wealth LLC increased its holdings in Invesco Dividend Achievers ETF by 346.4% in the 4th quarter. CreativeOne Wealth LLC now owns 48,057 shares of the company’s stock valued at $1,917,000 after buying an additional 37,292 shares during the period.

About Invesco Dividend Achievers ETF

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.