Private Wealth Management Group LLC Acquires New Shares in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Private Wealth Management Group LLC bought a new position in Invesco Dividend Achievers ETF (NASDAQ:PFM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,619 shares of the company’s stock, valued at approximately $74,000.

Several other hedge funds have also recently modified their holdings of the business. Ibex Wealth Advisors bought a new position in shares of Invesco Dividend Achievers ETF in the 4th quarter worth approximately $394,000. SteelPeak Wealth LLC boosted its stake in shares of Invesco Dividend Achievers ETF by 229.5% during the 4th quarter. SteelPeak Wealth LLC now owns 56,947 shares of the company’s stock worth $2,612,000 after acquiring an additional 39,664 shares during the last quarter. CFS Investment Advisory Services LLC grew its position in shares of Invesco Dividend Achievers ETF by 10.1% during the 4th quarter. CFS Investment Advisory Services LLC now owns 17,174 shares of the company’s stock valued at $788,000 after acquiring an additional 1,571 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Invesco Dividend Achievers ETF by 11.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,127 shares of the company’s stock worth $373,000 after purchasing an additional 815 shares in the last quarter. Finally, Miracle Mile Advisors LLC bought a new position in Invesco Dividend Achievers ETF in the 4th quarter worth $1,090,000.

Invesco Dividend Achievers ETF Stock Up 0.8 %

NASDAQ:PFM opened at $47.78 on Thursday. The business’s 50-day simple moving average is $46.83 and its two-hundred day simple moving average is $46.14. Invesco Dividend Achievers ETF has a 52 week low of $40.21 and a 52 week high of $48.28. The stock has a market cap of $730.56 million, a PE ratio of 22.62 and a beta of 0.83.

Invesco Dividend Achievers ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.1813 dividend. The ex-dividend date was Monday, December 23rd.

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.