Everstar Asset Management LLC Raises Stock Position in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Everstar Asset Management LLC lifted its holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 1.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,021 shares of the company’s stock after purchasing an additional 568 shares during the period. Invesco Dividend Achievers ETF makes up 1.4% of Everstar Asset Management LLC’s holdings, making the stock its 16th biggest holding. Everstar Asset Management LLC’s holdings in Invesco Dividend Achievers ETF were worth $1,927,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC purchased a new stake in Invesco Dividend Achievers ETF during the 4th quarter worth about $373,000. Hilton Capital Management LLC purchased a new stake in shares of Invesco Dividend Achievers ETF during the fourth quarter worth approximately $785,000. Commonwealth Equity Services LLC increased its stake in shares of Invesco Dividend Achievers ETF by 4.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 94,206 shares of the company’s stock worth $4,320,000 after buying an additional 4,173 shares during the period. Avantax Advisory Services Inc. raised its holdings in Invesco Dividend Achievers ETF by 3.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 37,538 shares of the company’s stock valued at $1,721,000 after acquiring an additional 1,296 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its stake in Invesco Dividend Achievers ETF by 0.3% in the fourth quarter. Citizens Financial Group Inc. RI now owns 119,075 shares of the company’s stock worth $5,461,000 after acquiring an additional 383 shares during the last quarter.

Invesco Dividend Achievers ETF Trading Down 1.4 %

Shares of NASDAQ:PFM opened at $45.30 on Monday. Invesco Dividend Achievers ETF has a 52 week low of $40.43 and a 52 week high of $48.28. The company’s 50 day moving average is $46.96 and its two-hundred day moving average is $46.76. The company has a market cap of $692.64 million, a PE ratio of 23.30 and a beta of 0.83.

Invesco Dividend Achievers ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.1793 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Invesco Dividend Achievers ETF 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.