Townsquare Capital LLC Takes Position in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Townsquare Capital LLC bought a new position in Invesco Dividend Achievers ETF (NASDAQ:PFM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,601 shares of the company’s stock, valued at approximately $303,000.

Other large investors have also bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new position in Invesco Dividend Achievers ETF in the fourth quarter worth $55,000. Private Wealth Management Group LLC bought a new stake in Invesco Dividend Achievers ETF during the 4th quarter worth about $74,000. Golden State Wealth Management LLC acquired a new stake in Invesco Dividend Achievers ETF in the 4th quarter valued at about $99,000. Modera Wealth Management LLC bought a new position in shares of Invesco Dividend Achievers ETF in the fourth quarter worth about $206,000. Finally, Independent Advisor Alliance acquired a new position in Invesco Dividend Achievers ETF during the 4th quarter worth $221,000.

Invesco Dividend Achievers ETF Stock Down 2.0 %

Invesco Dividend Achievers ETF stock opened at $42.62 on Tuesday. The business’s 50-day simple moving average is $45.52 and its 200 day simple moving average is $46.41. The stock has a market cap of $640.15 million, a price-to-earnings ratio of 22.90 and a beta of 0.83. Invesco Dividend Achievers ETF has a 12-month low of $40.01 and a 12-month high of $48.28.

Invesco Dividend Achievers ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.1793 per share. The ex-dividend date was Monday, March 24th.

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.