Avantax Advisory Services Inc. Purchases 1,093 Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM)

Avantax Advisory Services Inc. boosted its stake in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 2.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,631 shares of the company’s stock after buying an additional 1,093 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Invesco Dividend Achievers ETF were worth $1,769,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in Invesco Dividend Achievers ETF by 2.6% during the 4th quarter. Wells Fargo & Company MN now owns 391,719 shares of the company’s stock valued at $17,964,000 after purchasing an additional 10,087 shares during the period. Envestnet Asset Management Inc. increased its position in Invesco Dividend Achievers ETF by 4.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 114,645 shares of the company’s stock valued at $5,258,000 after purchasing an additional 5,191 shares during the period. Bank of Montreal Can increased its position in Invesco Dividend Achievers ETF by 3.3% during the 4th quarter. Bank of Montreal Can now owns 18,872 shares of the company’s stock valued at $865,000 after purchasing an additional 606 shares during the period. Raymond James Financial Inc. purchased a new position in Invesco Dividend Achievers ETF during the 4th quarter valued at about $38,194,000. Finally, Townsquare Capital LLC purchased a new position in Invesco Dividend Achievers ETF during the 4th quarter valued at about $303,000.

Invesco Dividend Achievers ETF Stock Performance

NASDAQ PFM opened at $48.82 on Thursday. The company has a market capitalization of $711.80 million, a price-to-earnings ratio of 23.20 and a beta of 0.83. The company’s 50-day simple moving average is $47.77 and its two-hundred day simple moving average is $46.54. Invesco Dividend Achievers ETF has a one year low of $40.01 and a one year high of $49.27.

Invesco Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were given a $0.1885 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.54%. This is an increase from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.17.

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.