Invesco Dividend Achievers ETF (NASDAQ:PFM – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $58.20 and last traded at $58.55, with a volume of 1,311 shares trading hands. The stock had previously closed at $57.66.
Invesco Dividend Achievers ETF Price Performance
The company has a market capitalization of $817.16 million, a P/E ratio of 23.20 and a beta of 0.77. The business’s 50-day moving average price is $56.54 and its two-hundred day moving average price is $54.76.
Hedge Funds Weigh In On Invesco Dividend Achievers ETF
Several hedge funds have recently made changes to their positions in PFM. Waverly Advisors LLC lifted its holdings in Invesco Dividend Achievers ETF by 0.4% during the 1st quarter. Waverly Advisors LLC now owns 46,732 shares of the company’s stock worth $2,388,000 after buying an additional 192 shares during the period. Sovran Advisors LLC raised its position in shares of Invesco Dividend Achievers ETF by 4.0% during the first quarter. Sovran Advisors LLC now owns 5,711 shares of the company’s stock worth $309,000 after acquiring an additional 222 shares during the last quarter. Focus Financial Network Inc. raised its position in shares of Invesco Dividend Achievers ETF by 0.3% during the second quarter. Focus Financial Network Inc. now owns 113,600 shares of the company’s stock worth $6,300,000 after acquiring an additional 326 shares during the last quarter. Citadel Advisors LLC lifted its stake in shares of Invesco Dividend Achievers ETF by 6.2% in the second quarter. Citadel Advisors LLC now owns 9,243 shares of the company’s stock worth $513,000 after acquiring an additional 538 shares during the period. Finally, Fifth Third Bancorp bought a new stake in Invesco Dividend Achievers ETF in the first quarter valued at approximately $28,000.
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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