Invesco Dividend Achievers ETF (NASDAQ:PFM) Sees Strong Trading Volume – Should You Buy?

Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) saw an uptick in trading volume on Friday . 20,776 shares traded hands during trading, a decline of 35% from the previous session’s volume of 31,880 shares.The stock last traded at $45.52 and had previously closed at $45.88.

Invesco Dividend Achievers ETF Trading Down 1.5 %

The firm has a market cap of $693.97 million, a price-to-earnings ratio of 22.62 and a beta of 0.83. The company has a 50 day moving average of $46.89 and a 200 day moving average of $45.69.

Invesco Dividend Achievers ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.1813 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PFM. Stifel Financial Corp raised its position in Invesco Dividend Achievers ETF by 86.4% in the 3rd quarter. Stifel Financial Corp now owns 20,255 shares of the company’s stock valued at $943,000 after purchasing an additional 9,387 shares during the last quarter. Atria Investments Inc acquired a new stake in shares of Invesco Dividend Achievers ETF in the third quarter valued at $268,000. Raymond James & Associates raised its holdings in shares of Invesco Dividend Achievers ETF by 3.9% in the third quarter. Raymond James & Associates now owns 384,769 shares of the company’s stock valued at $17,911,000 after buying an additional 14,462 shares during the last quarter. American Capital Advisory LLC bought a new position in shares of Invesco Dividend Achievers ETF in the third quarter worth about $63,000. Finally, Creative Planning lifted its holdings in Invesco Dividend Achievers ETF by 2.8% during the 2nd quarter. Creative Planning now owns 9,313 shares of the company’s stock worth $397,000 after buying an additional 256 shares in the last quarter.

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.