Invesco Dividend Achievers ETF (NASDAQ:PFM) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco Dividend Achievers ETF (NASDAQ:PFM) shares saw strong trading volume on Friday . 20,776 shares changed hands during mid-day trading, a decline of 35% from the previous session’s volume of 31,880 shares.The stock last traded at $45.52 and had previously closed at $45.88.

Invesco Dividend Achievers ETF Stock Down 1.4 %

The firm has a market capitalization of $694.43 million, a PE ratio of 22.62 and a beta of 0.83. The stock has a 50-day moving average price of $46.90 and a 200 day moving average price of $45.66.

Invesco Dividend Achievers ETF Dividend Announcement

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

Institutional Trading of Invesco Dividend Achievers ETF

A number of hedge funds have recently bought and sold shares of the business. Dorsey Wright & Associates purchased a new stake in shares of Invesco Dividend Achievers ETF during the 3rd quarter valued at approximately $2,329,000. Stratos Wealth Partners LTD. lifted its stake in shares of Invesco Dividend Achievers ETF by 21.3% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 126,968 shares of the company’s stock valued at $5,910,000 after purchasing an additional 22,261 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Invesco Dividend Achievers ETF by 3.9% during the 3rd quarter. Raymond James & Associates now owns 384,769 shares of the company’s stock worth $17,911,000 after purchasing an additional 14,462 shares during the period. Sanibel Captiva Trust Company Inc. purchased a new stake in Invesco Dividend Achievers ETF in the 3rd quarter valued at about $624,000. Finally, Hanlon Investment Management Inc. acquired a new position in Invesco Dividend Achievers ETF in the third quarter valued at about $560,000.

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.