Kingswood Wealth Advisors LLC Invests $2.30 Million in Invesco Dividend Achievers ETF $PFM

Kingswood Wealth Advisors LLC bought a new stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) in the third quarter, Holdings Channel.com reports. The institutional investor bought 45,366 shares of the company’s stock, valued at approximately $2,302,000.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its holdings in Invesco Dividend Achievers ETF by 58.0% in the second quarter. CWM LLC now owns 689 shares of the company’s stock worth $33,000 after acquiring an additional 253 shares in the last quarter. Briaud Financial Planning Inc acquired a new position in shares of Invesco Dividend Achievers ETF during the second quarter worth approximately $187,000. Sovran Advisors LLC acquired a new position in shares of Invesco Dividend Achievers ETF during the second quarter worth approximately $231,000. Caldwell Trust Co acquired a new position in shares of Invesco Dividend Achievers ETF during the second quarter worth approximately $296,000. Finally, Good Life Advisors LLC lifted its holdings in shares of Invesco Dividend Achievers ETF by 14.3% in the 2nd quarter. Good Life Advisors LLC now owns 7,234 shares of the company’s stock worth $348,000 after purchasing an additional 905 shares in the last quarter.

Invesco Dividend Achievers ETF Trading Up 0.5%

Shares of PFM stock opened at $52.28 on Friday. The firm has a fifty day simple moving average of $51.44 and a two-hundred day simple moving average of $50.26. Invesco Dividend Achievers ETF has a 12 month low of $40.01 and a 12 month high of $52.47. The firm has a market capitalization of $764.86 million, a PE ratio of 23.20 and a beta of 0.82.

Invesco Dividend Achievers ETF Increases Dividend

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