Wealth Enhancement Advisory Services LLC Acquires 1,291 Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 13.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,600 shares of the company’s stock after purchasing an additional 1,291 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Invesco Dividend Achievers ETF were worth $486,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Modera Wealth Management LLC bought a new stake in shares of Invesco Dividend Achievers ETF in the fourth quarter valued at approximately $206,000. Tower Research Capital LLC TRC increased its stake in Invesco Dividend Achievers ETF by 298.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,657 shares of the company’s stock worth $214,000 after acquiring an additional 3,489 shares during the period. Independent Advisor Alliance acquired a new position in Invesco Dividend Achievers ETF in the 4th quarter valued at $221,000. Genesis Wealth Advisors LLC bought a new stake in shares of Invesco Dividend Achievers ETF during the 4th quarter valued at $269,000. Finally, IHT Wealth Management LLC bought a new stake in shares of Invesco Dividend Achievers ETF during the 4th quarter valued at $285,000.

Invesco Dividend Achievers ETF Stock Performance

Shares of NASDAQ PFM opened at $47.74 on Friday. Invesco Dividend Achievers ETF has a 52 week low of $40.01 and a 52 week high of $48.28. The stock has a market capitalization of $713.24 million, a P/E ratio of 23.91 and a beta of 0.83. The stock’s fifty day moving average is $45.28 and its 200 day moving average is $46.20.

Invesco Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.1793 per share. The ex-dividend date 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.