Flagship Harbor Advisors LLC Has $788,000 Stake in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Flagship Harbor Advisors LLC decreased its holdings in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,218 shares of the company’s stock after selling 973 shares during the quarter. Flagship Harbor Advisors LLC owned about 0.11% of Invesco Dividend Achievers ETF worth $788,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PFM. Modera Wealth Management LLC acquired a new stake in shares of Invesco Dividend Achievers ETF during the 4th quarter worth approximately $206,000. Tower Research Capital LLC TRC boosted its stake in Invesco Dividend Achievers ETF by 298.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,657 shares of the company’s stock worth $214,000 after acquiring an additional 3,489 shares during the last quarter. Independent Advisor Alliance bought a new position in Invesco Dividend Achievers ETF during the 4th quarter worth approximately $221,000. IHT Wealth Management LLC bought a new position in Invesco Dividend Achievers ETF during the 4th quarter worth approximately $285,000. Finally, Townsquare Capital LLC bought a new position in Invesco Dividend Achievers ETF during the 4th quarter worth approximately $303,000.

Invesco Dividend Achievers ETF Price Performance

Invesco Dividend Achievers ETF stock opened at $47.68 on Wednesday. The company’s 50 day simple moving average is $45.95 and its 200 day simple moving average is $46.15. Invesco Dividend Achievers ETF has a fifty-two week low of $40.01 and a fifty-two week high of $48.28. The firm has a market capitalization of $712.34 million, a price-to-earnings ratio of 22.79 and a beta of 0.83.

Invesco Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 23rd will be paid a dividend of $0.1885 per share. This is a positive change from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.17. The ex-dividend date is Monday, June 23rd. This represents a $0.75 annualized dividend and a yield of 1.58%.

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.