Miracle Mile Advisors LLC Makes New Investment in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Miracle Mile Advisors LLC purchased a new position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFMFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 23,773 shares of the company’s stock, valued at approximately $1,090,000. Miracle Mile Advisors LLC owned approximately 0.15% of Invesco Dividend Achievers ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PFM. Dorsey Wright & Associates bought a new stake in shares of Invesco Dividend Achievers ETF during the 3rd quarter worth about $2,329,000. Stratos Wealth Partners LTD. grew its stake in shares of Invesco Dividend Achievers ETF by 21.3% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 126,968 shares of the company’s stock worth $5,910,000 after purchasing an additional 22,261 shares during the last quarter. Raymond James & Associates grew its stake in shares of Invesco Dividend Achievers ETF by 3.9% in the 3rd quarter. Raymond James & Associates now owns 384,769 shares of the company’s stock worth $17,911,000 after purchasing an additional 14,462 shares during the last quarter. Sanibel Captiva Trust Company Inc. acquired a new position in shares of Invesco Dividend Achievers ETF in the 3rd quarter worth approximately $624,000. Finally, Hanlon Investment Management Inc. acquired a new position in shares of Invesco Dividend Achievers ETF in the 3rd quarter worth approximately $560,000.

Invesco Dividend Achievers ETF Price Performance

Shares of PFM opened at $45.78 on Wednesday. The firm’s 50 day moving average is $46.88 and its 200-day moving average is $45.76. The stock has a market capitalization of $702.72 million, a P/E ratio of 22.62 and a beta of 0.83. Invesco Dividend Achievers ETF has a 12-month low of $39.40 and a 12-month high of $48.28.

Invesco Dividend Achievers ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.1813 dividend. The ex-dividend date was Monday, December 23rd.

About Invesco Dividend Achievers ETF

(Free Report)

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

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