Invesco Dividend Achievers ETF (NASDAQ:PFM) Sees Unusually-High Trading Volume

Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) saw unusually-strong trading volume on Wednesday . Approximately 280,398 shares were traded during mid-day trading, an increase of 863% from the previous session’s volume of 29,121 shares.The stock last traded at $42.95 and had previously closed at $42.98.

Invesco Dividend Achievers ETF Trading Up 0.2 %

The business’s fifty day simple moving average is $41.81 and its 200 day simple moving average is $40.52. The stock has a market cap of $658.78 million, a price-to-earnings ratio of 22.62 and a beta of 0.83.

Invesco Dividend Achievers ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.1802 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Monday, March 18th.

Hedge Funds Weigh In On Invesco Dividend Achievers ETF

Several institutional investors and hedge funds have recently made changes to their positions in PFM. Choreo LLC grew its holdings in shares of Invesco Dividend Achievers ETF by 0.3% during the fourth quarter. Choreo LLC now owns 112,530 shares of the company’s stock worth $4,489,000 after buying an additional 309 shares in the last quarter. Citizens Financial Group Inc. RI increased its position in shares of Invesco Dividend Achievers ETF by 0.4% during the 1st quarter. Citizens Financial Group Inc. RI now owns 117,672 shares of the company’s stock worth $5,009,000 after purchasing an additional 415 shares during the last quarter. Capital Investment Advisory Services LLC raised its stake in shares of Invesco Dividend Achievers ETF by 19.5% during the 4th quarter. Capital Investment Advisory Services LLC now owns 3,058 shares of the company’s stock worth $122,000 after purchasing an additional 500 shares in the last quarter. Bond & Devick Financial Network Inc. boosted its holdings in shares of Invesco Dividend Achievers ETF by 4.2% in the 4th quarter. Bond & Devick Financial Network Inc. now owns 13,561 shares of the company’s stock valued at $541,000 after buying an additional 541 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Invesco Dividend Achievers ETF by 6.6% in the third quarter. Janney Montgomery Scott LLC now owns 9,576 shares of the company’s stock valued at $350,000 after buying an additional 594 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.