MML Investors Services LLC Has $2.89 Million Stock Holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM)

MML Investors Services LLC boosted its holdings in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 7.3% in the fourth quarter, Holdings Channel reports. The firm owned 63,008 shares of the company’s stock after purchasing an additional 4,267 shares during the quarter. MML Investors Services LLC’s holdings in Invesco Dividend Achievers ETF were worth $2,890,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in Invesco Dividend Achievers ETF during the 4th quarter valued at about $38,194,000. Jones Financial Companies Lllp increased its holdings in shares of Invesco Dividend Achievers ETF by 155.7% during the fourth quarter. Jones Financial Companies Lllp now owns 68,178 shares of the company’s stock worth $3,127,000 after buying an additional 41,514 shares in the last quarter. SteelPeak Wealth LLC raised its stake in shares of Invesco Dividend Achievers ETF by 229.5% in the fourth quarter. SteelPeak Wealth LLC now owns 56,947 shares of the company’s stock valued at $2,612,000 after acquiring an additional 39,664 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in shares of Invesco Dividend Achievers ETF in the 4th quarter worth approximately $1,090,000. Finally, Hilton Capital Management LLC bought a new stake in Invesco Dividend Achievers ETF during the 4th quarter worth approximately $785,000.

Invesco Dividend Achievers ETF Stock Performance

Shares of PFM opened at $44.46 on Monday. The company has a market cap of $669.12 million, a price-to-earnings ratio of 22.90 and a beta of 0.83. The stock has a fifty day moving average price of $45.22 and a two-hundred day moving average price of $46.35. Invesco Dividend Achievers ETF has a 52-week low of $40.01 and a 52-week high of $48.28.

Invesco Dividend Achievers ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.1793 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Invesco Dividend Achievers ETF Company Profile

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.