Invesco Dividend Achievers ETF (NASDAQ:PFM) Hits New 52-Week Low – Time to Sell?

Invesco Dividend Achievers ETF (NASDAQ:PFM)’s stock price reached a new 52-week low on Monday . The stock traded as low as $40.01 and last traded at $40.11, with a volume of 16281 shares trading hands. The stock had previously closed at $41.90.

Invesco Dividend Achievers ETF Stock Performance

The firm’s fifty day simple moving average is $46.71 and its 200 day simple moving average is $46.72. The stock has a market capitalization of $615.67 million, a price-to-earnings ratio of 23.30 and a beta of 0.83.

Invesco Dividend Achievers ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.1793 per share. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Trading of Invesco Dividend Achievers ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. ST Germain D J Co. Inc. acquired a new stake in shares of Invesco Dividend Achievers ETF in the fourth quarter valued at about $55,000. Private Wealth Management Group LLC bought a new position in Invesco Dividend Achievers ETF in the fourth quarter valued at approximately $74,000. Golden State Wealth Management LLC acquired a new position in shares of Invesco Dividend Achievers ETF during the 4th quarter worth approximately $99,000. Modera Wealth Management LLC bought a new stake in shares of Invesco Dividend Achievers ETF during the 4th quarter worth approximately $206,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Invesco Dividend Achievers ETF by 298.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,657 shares of the company’s stock valued at $214,000 after buying an additional 3,489 shares during the last quarter.

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.