Invesco Dividend Achievers ETF $PFM Shares Sold by Private Trust Co. NA

Private Trust Co. NA cut its holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 6.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,019 shares of the company’s stock after selling 423 shares during the period. Private Trust Co. NA’s holdings in Invesco Dividend Achievers ETF were worth $290,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PFM. SteelPeak Wealth LLC raised its holdings in Invesco Dividend Achievers ETF by 167.6% in the 1st quarter. SteelPeak Wealth LLC now owns 152,414 shares of the company’s stock valued at $6,978,000 after acquiring an additional 95,467 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Invesco Dividend Achievers ETF by 4.3% during the 1st quarter. LPL Financial LLC now owns 1,664,500 shares of the company’s stock worth $76,201,000 after buying an additional 67,993 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Invesco Dividend Achievers ETF during the 1st quarter worth $766,000. Raymond James Financial Inc. increased its holdings in shares of Invesco Dividend Achievers ETF by 1.2% during the 1st quarter. Raymond James Financial Inc. now owns 842,683 shares of the company’s stock worth $38,578,000 after buying an additional 9,839 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Invesco Dividend Achievers ETF by 69.7% during the 1st quarter. Bank of New York Mellon Corp now owns 23,411 shares of the company’s stock worth $1,072,000 after buying an additional 9,614 shares during the last quarter.

Invesco Dividend Achievers ETF Stock Up 0.7%

PFM stock opened at $51.04 on Tuesday. The company has a market cap of $736.51 million, a price-to-earnings ratio of 23.20 and a beta of 0.83. The business has a fifty day simple moving average of $50.21 and a 200-day simple moving average of $47.87. Invesco Dividend Achievers ETF has a 52 week low of $40.01 and a 52 week high of $51.40.

Invesco Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.1719 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, September 22nd.

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.