Invesco Dividend Achievers ETF (NASDAQ:PFM) Shares Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI cut its holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 0.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 117,257 shares of the company’s stock after selling 344 shares during the period. Citizens Financial Group Inc. RI owned about 0.76% of Invesco Dividend Achievers ETF worth $4,677,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of PFM. Private Trust Co. NA boosted its holdings in shares of Invesco Dividend Achievers ETF by 41.3% in the 3rd quarter. Private Trust Co. NA now owns 10,610 shares of the company’s stock valued at $388,000 after buying an additional 3,099 shares during the period. Golden State Equity Partners boosted its holdings in shares of Invesco Dividend Achievers ETF by 42.4% in the 3rd quarter. Golden State Equity Partners now owns 48,115 shares of the company’s stock valued at $1,758,000 after buying an additional 14,323 shares during the period. Eudaimonia Advisors LLC boosted its holdings in shares of Invesco Dividend Achievers ETF by 3.8% in the 3rd quarter. Eudaimonia Advisors LLC now owns 39,166 shares of the company’s stock valued at $1,431,000 after buying an additional 1,429 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Invesco Dividend Achievers ETF by 27.2% in the 3rd quarter. Private Advisor Group LLC now owns 27,774 shares of the company’s stock valued at $1,015,000 after buying an additional 5,938 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in shares of Invesco Dividend Achievers ETF by 2.3% in the 3rd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 423,799 shares of the company’s stock valued at $15,481,000 after buying an additional 9,568 shares during the period.

Invesco Dividend Achievers ETF Stock Performance

Shares of NASDAQ PFM traded up $0.01 during midday trading on Friday, hitting $41.22. The company’s stock had a trading volume of 12,781 shares, compared to its average volume of 28,486. The firm’s fifty day moving average price is $41.60 and its 200-day moving average price is $39.75. The firm has a market cap of $640.56 million, a P/E ratio of 21.79 and a beta of 0.83. Invesco Dividend Achievers ETF has a 1-year low of $35.18 and a 1-year high of $42.69.

Invesco Dividend Achievers ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.1802 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Monday, March 18th.

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.