Invesco Dividend Achievers ETF (NASDAQ:PFM – Get Free Report) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 14,892 shares, a decrease of 59.5% from the September 15th total of 36,815 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 22,576 shares, the short-interest ratio is presently 0.7 days.
Invesco Dividend Achievers ETF Trading Up 0.9%
Shares of NASDAQ:PFM traded up $0.48 during midday trading on Thursday, hitting $56.95. 17,570 shares of the stock were exchanged, compared to its average volume of 23,932. The stock has a market cap of $795.59 million, a P/E ratio of 23.20 and a beta of 0.77. Invesco Dividend Achievers ETF has a twelve month low of $49.98 and a twelve month high of $58.18. The company has a 50 day moving average price of $56.61 and a 200-day moving average price of $55.31.
Hedge Funds Weigh In On Invesco Dividend Achievers ETF
Hedge funds have recently added to or reduced their stakes in the business. Focus Financial Network Inc. acquired a new stake in shares of Invesco Dividend Achievers ETF in the third quarter valued at approximately $6,239,000. SteelPeak Wealth LLC raised its position in shares of Invesco Dividend Achievers ETF by 497.3% during the 1st quarter. SteelPeak Wealth LLC now owns 53,914 shares of the company’s stock worth $2,755,000 after purchasing an additional 44,888 shares during the last quarter. Independent Financial Group LLC acquired a new position in shares of Invesco Dividend Achievers ETF during the 1st quarter worth approximately $1,160,000. Eastern Bank acquired a new position in shares of Invesco Dividend Achievers ETF during the 3rd quarter worth approximately $872,000. Finally, Ibex Wealth Advisors purchased a new stake in Invesco Dividend Achievers ETF in the 1st quarter valued at approximately $433,000.
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. The portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index.
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