NewEdge Advisors LLC Buys 299 Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM)

NewEdge Advisors LLC grew its stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 3.4% during the 4th quarter, HoldingsChannel reports. The fund owned 9,030 shares of the company’s stock after purchasing an additional 299 shares during the quarter. NewEdge Advisors LLC’s holdings in Invesco Dividend Achievers ETF were worth $414,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PFM. ST Germain D J Co. Inc. purchased a new stake in Invesco Dividend Achievers ETF during the fourth quarter valued at $55,000. Private Wealth Management Group LLC purchased a new stake in Invesco Dividend Achievers ETF during the fourth quarter valued at $74,000. Golden State Wealth Management LLC purchased a new stake in Invesco Dividend Achievers ETF during the fourth quarter valued at $99,000. Modera Wealth Management LLC purchased a new stake in Invesco Dividend Achievers ETF during the fourth quarter valued at $206,000. Finally, Independent Advisor Alliance purchased a new stake in Invesco Dividend Achievers ETF during the fourth quarter valued at $221,000.

Invesco Dividend Achievers ETF Stock Performance

Invesco Dividend Achievers ETF stock opened at $44.57 on Tuesday. The stock has a fifty day moving average of $45.14 and a 200 day moving average of $46.33. The stock has a market cap of $670.78 million, a PE ratio of 22.90 and a beta of 0.83. Invesco Dividend Achievers ETF has a one year low of $40.01 and a one year high of $48.28.

Invesco Dividend Achievers ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.1793 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Invesco Dividend Achievers ETF 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.