Invesco Dividend Achievers ETF (NASDAQ:PFM) Reaches New 52-Week High – What’s Next?

Invesco Dividend Achievers ETF (NASDAQ:PFM) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $54.73 and last traded at $54.73, with a volume of 526 shares. The stock had previously closed at $54.55.

Invesco Dividend Achievers ETF Stock Up 0.6%

The stock has a fifty day moving average of $52.70 and a 200-day moving average of $52.43. The stock has a market cap of $776.30 million, a PE ratio of 23.20 and a beta of 0.78.

Invesco Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.1949 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.78 dividend on an annualized basis and a yield of 1.4%. This is a boost from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

Institutional investors have recently added to or reduced their stakes in the business. Waverly Advisors LLC lifted its position in shares of Invesco Dividend Achievers ETF by 0.4% during the 1st quarter. Waverly Advisors LLC now owns 46,732 shares of the company’s stock valued at $2,388,000 after acquiring an additional 192 shares during the period. Sovran Advisors LLC lifted its position in shares of Invesco Dividend Achievers ETF by 4.0% during the 1st quarter. Sovran Advisors LLC now owns 5,711 shares of the company’s stock valued at $309,000 after acquiring an additional 222 shares during the period. Cetera Investment Advisers lifted its position in shares of Invesco Dividend Achievers ETF by 0.4% during the 4th quarter. Cetera Investment Advisers now owns 93,536 shares of the company’s stock valued at $4,818,000 after acquiring an additional 378 shares during the period. Creative Planning lifted its position in shares of Invesco Dividend Achievers ETF by 4.4% during the 3rd quarter. Creative Planning now owns 9,820 shares of the company’s stock valued at $498,000 after acquiring an additional 416 shares during the period. Finally, Lido Advisors LLC lifted its position in shares of Invesco Dividend Achievers ETF by 2.7% during the 4th quarter. Lido Advisors LLC now owns 17,239 shares of the company’s stock valued at $875,000 after acquiring an additional 456 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. 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.