Citizens Financial Group Inc. RI Grows Position in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Citizens Financial Group Inc. RI grew its position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,939 shares of the company’s stock after acquiring an additional 267 shares during the quarter. Citizens Financial Group Inc. RI owned 0.78% of Invesco Dividend Achievers ETF worth $5,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PFM. Steward Partners Investment Advisory LLC increased its position in shares of Invesco Dividend Achievers ETF by 2.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 42,159 shares of the company’s stock valued at $1,682,000 after acquiring an additional 818 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Invesco Dividend Achievers ETF by 0.5% during the 4th quarter. Wells Fargo & Company MN now owns 166,296 shares of the company’s stock worth $6,634,000 after purchasing an additional 838 shares during the period. Steward Partners Investment Solutions LLC purchased a new position in shares of Invesco Dividend Achievers ETF in the 4th quarter worth about $288,000. Raymond James & Associates grew its position in Invesco Dividend Achievers ETF by 59.6% during the second quarter. Raymond James & Associates now owns 370,307 shares of the company’s stock valued at $15,801,000 after buying an additional 138,313 shares during the period. Finally, Focus Financial Network Inc. ADV purchased a new stake in Invesco Dividend Achievers ETF during the fourth quarter worth about $4,492,000.

Invesco Dividend Achievers ETF Stock Performance

Shares of PFM stock opened at $46.25 on Tuesday. Invesco Dividend Achievers ETF has a 52 week low of $35.18 and a 52 week high of $46.26. The firm’s 50-day simple moving average is $44.50 and its two-hundred day simple moving average is $42.95. The firm has a market cap of $702.09 million, a price-to-earnings ratio of 22.62 and a beta of 0.83.

Invesco Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a dividend of $0.1922 per share. This represents a $0.77 annualized dividend and a yield of 1.66%. This is a positive change from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, June 24th.

Invesco Dividend Achievers ETF Company 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.