Invesco Dividend Achievers ETF (NASDAQ:PFM) Shares Bought by MML Investors Services LLC

MML Investors Services LLC raised its stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 1.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 58,741 shares of the company’s stock after buying an additional 1,054 shares during the quarter. MML Investors Services LLC’s holdings in Invesco Dividend Achievers ETF were worth $2,734,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PFM. Creative Planning boosted its position in shares of Invesco Dividend Achievers ETF by 2.8% in the 2nd quarter. Creative Planning now owns 9,313 shares of the company’s stock worth $397,000 after buying an additional 256 shares in the last quarter. Citizens Financial Group Inc. RI lifted its holdings in shares of Invesco Dividend Achievers ETF by 0.6% in the third quarter. Citizens Financial Group Inc. RI now owns 118,692 shares of the company’s stock valued at $5,525,000 after purchasing an additional 753 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Invesco Dividend Achievers ETF in the second quarter valued at about $34,000. Bank of Montreal Can grew its position in shares of Invesco Dividend Achievers ETF by 5.2% in the second quarter. Bank of Montreal Can now owns 17,637 shares of the company’s stock valued at $756,000 after purchasing an additional 869 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in shares of Invesco Dividend Achievers ETF by 3.0% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 32,902 shares of the company’s stock worth $1,404,000 after purchasing an additional 946 shares in the last quarter.

Invesco Dividend Achievers ETF Stock Performance

PFM stock opened at $47.40 on Monday. The stock’s 50 day moving average price is $47.06 and its 200 day moving average price is $45.20. The firm has a market cap of $724.27 million, a P/E ratio of 22.62 and a beta of 0.83. Invesco Dividend Achievers ETF has a 1 year low of $39.21 and a 1 year high of $48.28.

Invesco Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors 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 1.46%. The ex-dividend date 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.