Focus Financial Network Inc. Has $5.45 Million Holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Focus Financial Network Inc. lessened its stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,977 shares of the company’s stock after selling 702 shares during the quarter. Focus Financial Network Inc. owned approximately 0.77% of Invesco Dividend Achievers ETF worth $5,445,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PFM. Cullen Frost Bankers Inc. bought a new stake in Invesco Dividend Achievers ETF in the 2nd quarter valued at $34,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Invesco Dividend Achievers ETF in the second quarter worth $61,000. Paladin Wealth LLC bought a new position in shares of Invesco Dividend Achievers ETF in the third quarter worth $70,000. EWG Elevate Inc. bought a new position in shares of Invesco Dividend Achievers ETF in the third quarter worth $219,000. Finally, Consolidated Planning Corp bought a new position in shares of Invesco Dividend Achievers ETF in the second quarter worth $275,000.

Invesco Dividend Achievers ETF Stock Down 1.0 %

NASDAQ:PFM opened at $45.78 on Friday. The stock’s 50-day simple moving average is $46.14 and its 200 day simple moving average is $43.97. The firm has a market capitalization of $699.52 million, a PE ratio of 22.62 and a beta of 0.83. Invesco Dividend Achievers ETF has a twelve month low of $35.62 and a twelve month high of $47.35.

Invesco Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.173 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Monday, September 23rd.

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.