Ashton Thomas Private Wealth LLC Makes New Investment in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Ashton Thomas Private Wealth LLC purchased a new position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,430 shares of the company’s stock, valued at approximately $61,000.

Other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its position in shares of Invesco Dividend Achievers ETF by 2.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 42,159 shares of the company’s stock valued at $1,682,000 after acquiring an additional 818 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Invesco Dividend Achievers ETF by 0.5% during 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 during the period. Steward Partners Investment Solutions LLC acquired a new stake in Invesco Dividend Achievers ETF in the 4th quarter valued at approximately $288,000. Raymond James & Associates raised its position in Invesco Dividend Achievers ETF by 59.6% in the second quarter. Raymond James & Associates now owns 370,307 shares of the company’s stock valued at $15,801,000 after purchasing an additional 138,313 shares during the period. Finally, Focus Financial Network Inc. ADV acquired a new position in Invesco Dividend Achievers ETF during the fourth quarter worth $4,492,000.

Invesco Dividend Achievers ETF Trading Up 0.7 %

Shares of NASDAQ PFM opened at $46.01 on Monday. The stock has a market capitalization of $698.43 million, a PE ratio of 22.62 and a beta of 0.83. Invesco Dividend Achievers ETF has a twelve month low of $35.18 and a twelve month high of $46.07. The stock has a fifty day simple moving average of $44.44 and a 200-day simple moving average of $42.91.

Invesco Dividend Achievers ETF Increases Dividend

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

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.