Invesco Dividend Achievers ETF (NASDAQ:PFM) Reaches New 52-Week High at $46.50

Invesco Dividend Achievers ETF (NASDAQ:PFM) shares hit a new 52-week high on Thursday . The stock traded as high as $46.50 and last traded at $46.50, with a volume of 10704 shares. The stock had previously closed at $45.99.

Invesco Dividend Achievers ETF Stock Performance

The firm’s 50 day moving average is $44.73 and its two-hundred day moving average is $43.05. The stock has a market capitalization of $703.65 million, a PE ratio of 22.62 and a beta of 0.83.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

Several large investors have recently added to or reduced their stakes in the business. Flaharty Asset Management LLC increased its stake in Invesco Dividend Achievers ETF by 1.0% during the 2nd quarter. Flaharty Asset Management LLC now owns 831,887 shares of the company’s stock worth $35,497,000 after buying an additional 8,508 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Invesco Dividend Achievers ETF by 4.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 449,214 shares of the company’s stock worth $19,168,000 after buying an additional 20,696 shares during the period. Raymond James & Associates increased its stake in Invesco Dividend Achievers ETF by 59.6% during the 2nd quarter. Raymond James & Associates now owns 370,307 shares of the company’s stock worth $15,801,000 after buying an additional 138,313 shares during the period. Atria Wealth Solutions Inc. increased its stake in Invesco Dividend Achievers ETF by 3.1% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 216,393 shares of the company’s stock worth $9,234,000 after buying an additional 6,530 shares during the period. Finally, Wells Fargo & Company MN increased its stake in 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 buying an additional 838 shares during the period.

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.