Invesco Dividend Achievers ETF (NASDAQ:PFM) Short Interest Update

Invesco Dividend Achievers ETF (NASDAQ:PFM) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 14,188 shares, a decrease of 18.7% from the March 31st total of 17,449 shares. Based on an average daily trading volume, of 24,119 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Invesco Dividend Achievers ETF

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

Invesco Dividend Achievers ETF Stock Down 0.1%

NASDAQ:PFM traded down $0.05 during mid-day trading on Friday, hitting $54.05. 12,288 shares of the stock traded hands, compared to its average volume of 30,724. The stock has a market capitalization of $763.73 million, a price-to-earnings ratio of 23.20 and a beta of 0.80. Invesco Dividend Achievers ETF has a 52 week low of $45.00 and a 52 week high of $54.39. The firm’s 50 day moving average is $52.47 and its two-hundred day moving average is $52.12.

Invesco Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.1949 per share. This represents a $0.78 annualized dividend and a dividend yield of 1.4%. This is a boost from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, March 23rd.

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. 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.