Invesco Dividend Achievers ETF (NASDAQ:PFM) Reaches New 1-Year High at $45.95

Invesco Dividend Achievers ETF (NASDAQ:PFM)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $45.95 and last traded at $45.86, with a volume of 2090 shares. The stock had previously closed at $45.68.

Invesco Dividend Achievers ETF Stock Up 0.7 %

The company has a market cap of $698.43 million, a P/E ratio of 22.62 and a beta of 0.83. The firm has a 50 day moving average of $44.44 and a 200-day moving average of $42.90.

Invesco Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a dividend of $0.1922 per share. This represents a $0.77 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Monday, June 24th. This is a boost from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18.

Institutional Trading of Invesco Dividend Achievers ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning boosted its position in shares of Invesco Dividend Achievers ETF by 2.8% in the 2nd quarter. Creative Planning now owns 9,313 shares of the company’s stock worth $397,000 after purchasing an additional 256 shares in the last quarter. Citizens Financial Group Inc. RI boosted its position in shares of Invesco Dividend Achievers ETF by 0.4% in the 1st quarter. Citizens Financial Group Inc. RI now owns 117,672 shares of the company’s stock worth $5,009,000 after purchasing an additional 415 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Invesco Dividend Achievers ETF in the 2nd quarter worth $34,000. Steward Partners Investment Advisory LLC boosted its position in shares of Invesco Dividend Achievers ETF by 2.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 42,159 shares of the company’s stock worth $1,682,000 after purchasing an additional 818 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Invesco Dividend Achievers ETF by 0.5% in the 4th quarter. Wells Fargo & Company MN now owns 166,296 shares of the company’s stock worth $6,634,000 after purchasing an additional 838 shares in the last quarter.

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.