Ibex Wealth Advisors Buys New Holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Ibex Wealth Advisors purchased a new position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 8,597 shares of the company’s stock, valued at approximately $394,000.

A number of other institutional investors have also recently bought and sold shares of PFM. Stifel Financial Corp lifted its stake in shares of Invesco Dividend Achievers ETF by 86.4% during the 3rd quarter. Stifel Financial Corp now owns 20,255 shares of the company’s stock worth $943,000 after buying an additional 9,387 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Invesco Dividend Achievers ETF by 12.3% during the third quarter. JPMorgan Chase & Co. now owns 36,798 shares of the company’s stock worth $1,713,000 after acquiring an additional 4,036 shares during the last quarter. Atria Investments Inc bought a new stake in shares of Invesco Dividend Achievers ETF during the third quarter worth approximately $268,000. Raymond James & Associates boosted its holdings in shares of Invesco Dividend Achievers ETF by 3.9% during the third quarter. Raymond James & Associates now owns 384,769 shares of the company’s stock worth $17,911,000 after acquiring an additional 14,462 shares during the period. Finally, American Capital Advisory LLC acquired a new position in shares of Invesco Dividend Achievers ETF in the third quarter valued at approximately $63,000.

Invesco Dividend Achievers ETF Trading Down 0.4 %

NASDAQ:PFM opened at $47.18 on Thursday. The stock has a 50 day simple moving average of $46.85 and a 200 day simple moving average of $46.03. The stock has a market cap of $719.02 million, a P/E ratio of 22.62 and a beta of 0.83. Invesco Dividend Achievers ETF has a 1-year low of $40.21 and a 1-year high of $48.28.

Invesco Dividend Achievers ETF Announces Dividend

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

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.