Simmons Bank Acquires New Holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Simmons Bank purchased a new stake in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,300 shares of the company’s stock, valued at approximately $200,000.

A number of other hedge funds also recently modified their holdings of PFM. Cullen Frost Bankers Inc. bought a new stake in shares of Invesco Dividend Achievers ETF during the 2nd quarter valued at about $34,000. American Capital Advisory LLC acquired a new stake in Invesco Dividend Achievers ETF in the third quarter worth $63,000. Ashton Thomas Private Wealth LLC bought a new stake in Invesco Dividend Achievers ETF in the second quarter valued at $61,000. Paladin Wealth LLC acquired a new position in shares of Invesco Dividend Achievers ETF during the third quarter valued at about $70,000. Finally, EWG Elevate Inc. bought a new position in shares of Invesco Dividend Achievers ETF during the 3rd quarter worth about $219,000.

Invesco Dividend Achievers ETF Stock Performance

Shares of Invesco Dividend Achievers ETF stock opened at $47.06 on Friday. The stock has a market capitalization of $719.08 million, a PE ratio of 22.62 and a beta of 0.83. Invesco Dividend Achievers ETF has a 52 week low of $37.78 and a 52 week high of $47.80. The stock has a 50 day moving average price of $46.38 and a two-hundred day moving average price of $44.37.

Invesco Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.173 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.47%.

Invesco Dividend Achievers ETF 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.