Invesco Dividend Achievers ETF $PFM Stake Trimmed by Atlas Private Wealth Advisors

Atlas Private Wealth Advisors cut its position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 51.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,556 shares of the company’s stock after selling 50,355 shares during the quarter. Atlas Private Wealth Advisors owned 0.33% of Invesco Dividend Achievers ETF worth $2,413,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PFM. CWM LLC raised its holdings in shares of Invesco Dividend Achievers ETF by 58.0% during the second quarter. CWM LLC now owns 689 shares of the company’s stock valued at $33,000 after acquiring an additional 253 shares during the period. Briaud Financial Planning Inc purchased a new position in Invesco Dividend Achievers ETF during the 2nd quarter worth approximately $187,000. Sovran Advisors LLC raised its stake in Invesco Dividend Achievers ETF by 10.4% during the 3rd quarter. Sovran Advisors LLC now owns 5,245 shares of the company’s stock valued at $267,000 after purchasing an additional 496 shares during the period. Caldwell Trust Co purchased a new stake in shares of Invesco Dividend Achievers ETF in the second quarter valued at $296,000. Finally, Good Life Advisors LLC lifted its holdings in shares of Invesco Dividend Achievers ETF by 14.3% in the second quarter. Good Life Advisors LLC now owns 7,234 shares of the company’s stock valued at $348,000 after purchasing an additional 905 shares in the last quarter.

Invesco Dividend Achievers ETF Trading Down 0.0%

Shares of PFM stock opened at $52.75 on Friday. The company has a market capitalization of $761.71 million, a price-to-earnings ratio of 23.20 and a beta of 0.82. Invesco Dividend Achievers ETF has a 1-year low of $40.01 and a 1-year high of $53.02. The stock’s fifty day simple moving average is $52.08 and its 200-day simple moving average is $50.75.

Invesco Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.185 per share. This is a boost from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.74 annualized dividend and a yield of 1.4%.

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.