Modera Wealth Management LLC Takes Position in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Modera Wealth Management LLC purchased a new position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,495 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. ST Germain D J Co. Inc. acquired a new stake in Invesco Dividend Achievers ETF during the 4th quarter worth $55,000. American Capital Advisory LLC purchased a new position in shares of Invesco Dividend Achievers ETF in the third quarter worth about $63,000. Private Wealth Management Group LLC acquired a new position in Invesco Dividend Achievers ETF during the fourth quarter worth about $74,000. Golden State Wealth Management LLC purchased a new stake in Invesco Dividend Achievers ETF during the 4th quarter valued at about $99,000. Finally, Simmons Bank acquired a new stake in Invesco Dividend Achievers ETF in the 3rd quarter valued at about $200,000.

Invesco Dividend Achievers ETF Price Performance

PFM opened at $47.04 on Thursday. The firm has a market capitalization of $719.24 million, a price-to-earnings ratio of 24.76 and a beta of 0.83. The company’s 50 day simple moving average is $46.99 and its two-hundred day simple moving average is $46.68. Invesco Dividend Achievers ETF has a 1-year low of $40.43 and a 1-year high of $48.28.

Invesco Dividend Achievers ETF Announces Dividend

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

Invesco Dividend Achievers ETF 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.