Everstar Asset Management LLC Has $1.93 Million Stock Position in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Everstar Asset Management LLC raised its holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,021 shares of the company’s stock after buying an additional 568 shares during the quarter. Invesco Dividend Achievers ETF accounts for 1.4% of Everstar Asset Management LLC’s investment portfolio, making the stock its 16th largest holding. Everstar Asset Management LLC owned about 0.27% of Invesco Dividend Achievers ETF worth $1,927,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ST Germain D J Co. Inc. acquired a new stake in shares of Invesco Dividend Achievers ETF in the 4th quarter valued at about $55,000. Private Wealth Management Group LLC bought a new position in Invesco Dividend Achievers ETF in the fourth quarter worth approximately $74,000. Golden State Wealth Management LLC acquired a new stake in Invesco Dividend Achievers ETF in the fourth quarter valued at approximately $99,000. Modera Wealth Management LLC bought a new stake in shares of Invesco Dividend Achievers ETF during the fourth quarter valued at approximately $206,000. Finally, Independent Advisor Alliance acquired a new position in shares of Invesco Dividend Achievers ETF during the fourth quarter worth approximately $221,000.

Invesco Dividend Achievers ETF Trading Down 1.4 %

NASDAQ PFM opened at $45.30 on Monday. The company has a market cap of $692.64 million, a P/E ratio of 23.30 and a beta of 0.83. The company has a fifty day simple moving average of $46.96 and a 200 day simple moving average of $46.76. Invesco Dividend Achievers ETF has a 12-month low of $40.43 and a 12-month high of $48.28.

Invesco Dividend Achievers ETF Cuts Dividend

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

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.