SteelPeak Wealth LLC Increases Stake in Invesco Dividend Achievers ETF $PFM

SteelPeak Wealth LLC raised its position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 497.3% in the first quarter, Holdings Channel reports. The firm owned 53,914 shares of the company’s stock after acquiring an additional 44,888 shares during the quarter. SteelPeak Wealth LLC’s holdings in Invesco Dividend Achievers ETF were worth $2,755,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. CPC Advisors LLC bought a new position in shares of Invesco Dividend Achievers ETF in the fourth quarter worth approximately $7,851,000. Cape ANN Savings Bank bought a new stake in shares of Invesco Dividend Achievers ETF during the fourth quarter valued at approximately $783,000. HighTower Advisors LLC increased its position in shares of Invesco Dividend Achievers ETF by 55.9% during the fourth quarter. HighTower Advisors LLC now owns 56,787 shares of the company’s stock valued at $2,925,000 after acquiring an additional 20,354 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in Invesco Dividend Achievers ETF by 1.9% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 46,234 shares of the company’s stock worth $2,381,000 after acquiring an additional 868 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in Invesco Dividend Achievers ETF by 5.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 99,659 shares of the company’s stock worth $5,129,000 after acquiring an additional 4,955 shares during the last quarter.

Invesco Dividend Achievers ETF Trading Down 0.5%

PFM stock opened at $55.91 on Friday. The stock has a market capitalization of $784.42 million, a PE ratio of 23.20 and a beta of 0.78. Invesco Dividend Achievers ETF has a 12-month low of $47.89 and a 12-month high of $56.45. The stock’s 50 day simple moving average is $55.21 and its 200 day simple moving average is $53.59.

Invesco Dividend Achievers ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.1929 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.77 annualized dividend and a dividend yield of 1.4%.

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. The portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index.