Cape ANN Savings Bank Takes Position in Invesco Dividend Achievers ETF $PFM

Cape ANN Savings Bank acquired a new stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) in the 4th quarter, Holdings Channel reports. The fund acquired 15,205 shares of the company’s stock, valued at approximately $783,000.

Several other institutional investors and hedge funds have also made changes to their positions in PFM. Sound Income Strategies LLC bought a new position in shares of Invesco Dividend Achievers ETF in the fourth quarter valued at approximately $59,000. Allspring Global Investments Holdings LLC bought a new position in shares of Invesco Dividend Achievers ETF in the fourth quarter valued at approximately $83,000. Allworth Financial LP boosted its holdings in shares of Invesco Dividend Achievers ETF by 22.2% in the third quarter. Allworth Financial LP now owns 3,184 shares of the company’s stock valued at $162,000 after acquiring an additional 579 shares in the last quarter. Briaud Financial Planning Inc boosted its holdings in shares of Invesco Dividend Achievers ETF by 17.6% in the third quarter. Briaud Financial Planning Inc now owns 4,574 shares of the company’s stock valued at $232,000 after acquiring an additional 684 shares in the last quarter. Finally, Sovran Advisors LLC boosted its holdings in shares of Invesco Dividend Achievers ETF by 10.4% in the third quarter. Sovran Advisors LLC now owns 5,245 shares of the company’s stock valued at $267,000 after acquiring an additional 496 shares in the last quarter.

Invesco Dividend Achievers ETF Price Performance

Invesco Dividend Achievers ETF stock opened at $53.91 on Friday. The firm has a 50 day simple moving average of $52.50 and a 200-day simple moving average of $52.02. The stock has a market capitalization of $764.44 million, a PE ratio of 23.20 and a beta of 0.80. Invesco Dividend Achievers ETF has a 12-month low of $43.69 and a 12-month high of $54.34.

Invesco Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.1949 dividend. This represents a $0.78 annualized dividend and a dividend yield of 1.4%. This is a boost from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, March 23rd.

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.