Cetera Advisor Networks LLC Has $1.09 Million Position in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Invesco Dividend Achievers ETF logoCetera Advisor Networks LLC increased its holdings in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM – Get Rating) by 18.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 28,410 shares of the company’s stock after acquiring an additional 4,455 shares during the period. Cetera Advisor Networks LLC’s holdings in the Invesco Dividend Achievers ETF were worth $1,092,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PFM. Western Wealth Management LLC acquired a new stake in shares of Invesco Dividend Achievers ETF during the 1st quarter valued at about $218,000. XML Financial LLC lifted its holdings in Invesco Dividend Achievers ETF by 9.0% during the 1st quarter. XML Financial LLC now owns 5,733 shares of the company’s stock valued at $220,000 after purchasing an additional 472 shares during the last quarter. Truvestments Capital LLC lifted its holdings in Invesco Dividend Achievers ETF by 20.1% during the 1st quarter. Truvestments Capital LLC now owns 6,198 shares of the company’s stock valued at $238,000 after purchasing an additional 1,039 shares during the last quarter. Atlas Private Wealth Advisors bought a new position in Invesco Dividend Achievers ETF during the 1st quarter valued at about $258,000. Finally, Janney Montgomery Scott LLC lifted its holdings in Invesco Dividend Achievers ETF by 12.5% ​​during the 1st quarter. Janney Montgomery Scott LLC now owns 7,318 shares of the company’s stock valued at $281,000 after purchasing an additional 815 shares during the last quarter.

Invesco Dividend Achievers ETF Price Performance

Shares of PFM stock opened at $35.20 on Friday. The Invesco Dividend Achievers ETF has a 12-month low of $33.17 and a 12-month high of $40.20. The firm has a 50-day moving average price of $35.88 and a 200 day moving average price of $36.65.

Invesco Dividend Achievers ETF Increases Dividend

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The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 22nd were issued a dividend of $0.18 per share. This is an increase from the Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 2.05%. The ex-dividend date was Tuesday, June 21st.

About Invesco Dividend Achievers ETF

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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.

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Want to see what other hedge funds are holding PFM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for the Invesco Dividend Achievers ETF (NASDAQ:PFM – Get Rating).

Institutional Ownership by Quarter for Invesco Dividend Achievers ETF (NASDAQ:PFM)

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