Invesco Dividend Achievers ETF $PFM Shares Sold by Private Trust Co. NA

Private Trust Co. NA reduced its stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 6.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,019 shares of the company’s stock after selling 423 shares during the period. Private Trust Co. NA’s holdings in Invesco Dividend Achievers ETF were worth $290,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. CWM LLC raised its stake in shares of Invesco Dividend Achievers ETF by 58.0% in the second quarter. CWM LLC now owns 689 shares of the company’s stock valued at $33,000 after acquiring an additional 253 shares in the last quarter. Citizens Financial Group Inc. RI raised its stake in Invesco Dividend Achievers ETF by 0.3% in the first quarter. Citizens Financial Group Inc. RI now owns 119,460 shares of the company’s stock valued at $5,469,000 after buying an additional 385 shares in the last quarter. Focus Financial Network Inc. raised its stake in Invesco Dividend Achievers ETF by 0.4% in the second quarter. Focus Financial Network Inc. now owns 113,378 shares of the company’s stock valued at $5,461,000 after buying an additional 459 shares in the last quarter. Private Advisor Group LLC raised its stake in Invesco Dividend Achievers ETF by 3.4% in the first quarter. Private Advisor Group LLC now owns 30,396 shares of the company’s stock valued at $1,392,000 after buying an additional 1,003 shares in the last quarter. Finally, Townsquare Capital LLC raised its stake in Invesco Dividend Achievers ETF by 15.2% in the first quarter. Townsquare Capital LLC now owns 7,606 shares of the company’s stock valued at $348,000 after buying an additional 1,005 shares in the last quarter.

Invesco Dividend Achievers ETF Price Performance

Invesco Dividend Achievers ETF stock opened at $51.04 on Tuesday. Invesco Dividend Achievers ETF has a 1-year low of $40.01 and a 1-year high of $51.40. The stock has a market cap of $736.51 million, a PE ratio of 23.20 and a beta of 0.83. The stock’s fifty day moving average is $50.21 and its two-hundred day moving average is $47.87.

Invesco Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a $0.1719 dividend. The ex-dividend date was Monday, September 22nd. This represents a $0.69 dividend on an annualized basis and a yield of 1.3%.

About Invesco Dividend Achievers ETF

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.