Invesco Dividend Achievers ETF (NASDAQ:PFM) Increases Dividend to $0.19 Per Share

Invesco Dividend Achievers ETF (NASDAQ:PFM) announced a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Investors of record on Monday, March 23rd will be given a dividend of 0.1949 per share on Friday, March 27th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, March 23rd. This is a 5.4% increase from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18.

Invesco Dividend Achievers ETF Trading Up 0.6%

PFM traded up $0.29 during mid-day trading on Monday, hitting $50.85. 19,937 shares of the stock were exchanged, compared to its average volume of 33,073. The firm’s fifty day moving average is $52.98 and its two-hundred day moving average is $51.78. Invesco Dividend Achievers ETF has a 1-year low of $40.01 and a 1-year high of $54.34. The company has a market cap of $734.27 million, a PE ratio of 23.20 and a beta of 0.82.

Institutional Trading of Invesco Dividend Achievers ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PFM. Sound Income Strategies LLC acquired a new stake in shares of Invesco Dividend Achievers ETF during the fourth quarter worth about $59,000. Allspring Global Investments Holdings LLC purchased a new stake in Invesco Dividend Achievers ETF during the 4th quarter worth approximately $83,000. International Assets Investment Management LLC purchased a new stake in Invesco Dividend Achievers ETF during the 4th quarter worth approximately $86,000. AlphaCore Capital LLC acquired a new stake in Invesco Dividend Achievers ETF during the 4th quarter worth approximately $99,000. Finally, Allworth Financial LP lifted its holdings in Invesco Dividend Achievers ETF by 22.2% during the 3rd quarter. Allworth Financial LP now owns 3,184 shares of the company’s stock worth $162,000 after buying an additional 579 shares in the last quarter.

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.