Focus Financial Network Inc. Trims Stock Holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Focus Financial Network Inc. lowered its position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 3.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 112,528 shares of the company’s stock after selling 4,449 shares during the quarter. Focus Financial Network Inc.’s holdings in Invesco Dividend Achievers ETF were worth $5,161,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. ST Germain D J Co. Inc. purchased a new position in shares of Invesco Dividend Achievers ETF in the fourth quarter worth about $55,000. American Capital Advisory LLC purchased a new position in Invesco Dividend Achievers ETF during the 3rd quarter worth approximately $63,000. Paladin Wealth LLC acquired a new stake in Invesco Dividend Achievers ETF during the 3rd quarter valued at approximately $70,000. Private Wealth Management Group LLC acquired a new stake in Invesco Dividend Achievers ETF during the 4th quarter valued at approximately $74,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Invesco Dividend Achievers ETF in the 4th quarter valued at $99,000.

Invesco Dividend Achievers ETF Price Performance

NASDAQ:PFM opened at $47.70 on Tuesday. The company’s fifty day moving average price is $46.80 and its 200-day moving average price is $46.22. Invesco Dividend Achievers ETF has a 1-year low of $40.21 and a 1-year high of $48.28. The firm has a market capitalization of $729.33 million, a P/E ratio of 22.62 and a beta of 0.83.

Invesco Dividend Achievers ETF Announces Dividend

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