Invesco Dividend Achievers ETF (NASDAQ:PFM) Shares Down 0.1% – Here’s What Happened

Invesco Dividend Achievers ETF (NASDAQ:PFM) fell 0.1% on Friday . The stock traded as low as $55.68 and last traded at $55.89. Approximately 29,640 shares changed hands during mid-day trading, an increase of 22% from the average session volume of 24,243 shares. The stock had previously closed at $55.96.

Invesco Dividend Achievers ETF Trading Down 0.1%

The stock’s 50-day moving average is $56.81 and its 200-day moving average is $54.82. The stock has a market cap of $783.58 million, a price-to-earnings ratio of 23.20 and a beta of 0.77.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

Several institutional investors have recently bought and sold shares of PFM. Flaharty Asset Management LLC raised its stake in shares of Invesco Dividend Achievers ETF by 0.3% in the 4th quarter. Flaharty Asset Management LLC now owns 501,524 shares of the company’s stock valued at $25,831,000 after acquiring an additional 1,425 shares during the period. Focus Financial Network Inc. boosted its position in Invesco Dividend Achievers ETF by 0.3% during the 2nd quarter. Focus Financial Network Inc. now owns 113,600 shares of the company’s stock worth $6,300,000 after purchasing an additional 326 shares during the period. Royal Bank of Canada boosted its position in Invesco Dividend Achievers ETF by 4.4% during the 1st quarter. Royal Bank of Canada now owns 73,958 shares of the company’s stock worth $3,778,000 after purchasing an additional 3,114 shares during the period. Everstar Asset Management LLC increased its holdings in Invesco Dividend Achievers ETF by 11.8% in the 1st quarter. Everstar Asset Management LLC now owns 70,354 shares of the company’s stock valued at $3,597,000 after purchasing an additional 7,424 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Invesco Dividend Achievers ETF by 55.9% in the 4th quarter. HighTower Advisors LLC now owns 56,787 shares of the company’s stock valued at $2,925,000 after purchasing an additional 20,354 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.