Flaharty Asset Management LLC Has $2.63 Million Stock Position in Invesco Dividend Achievers ETF $PFM

Flaharty Asset Management LLC decreased its holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 90.6% in the second quarter, Holdings Channel.com reports. The firm owned 47,080 shares of the company’s stock after selling 452,937 shares during the period. Invesco Dividend Achievers ETF makes up approximately 3.8% of Flaharty Asset Management LLC’s investment portfolio, making the stock its 5th biggest position. Flaharty Asset Management LLC’s holdings in Invesco Dividend Achievers ETF were worth $2,634,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PFM. Raymond James Financial Inc. raised its position in Invesco Dividend Achievers ETF by 0.4% in the 2nd quarter. Raymond James Financial Inc. now owns 846,279 shares of the company’s stock worth $40,765,000 after purchasing an additional 3,596 shares during the period. Bank of America Corp DE boosted its position in Invesco Dividend Achievers ETF by 0.7% during the third quarter. Bank of America Corp DE now owns 275,362 shares of the company’s stock valued at $13,972,000 after buying an additional 1,809 shares during the period. CPC Advisors LLC bought a new position in shares of Invesco Dividend Achievers ETF during the fourth quarter valued at about $7,851,000. TD Waterhouse Canada Inc. grew its stake in shares of Invesco Dividend Achievers ETF by 5.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 99,659 shares of the company’s stock valued at $5,129,000 after buying an additional 4,955 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Invesco Dividend Achievers ETF by 0.4% in the fourth quarter. Cetera Investment Advisers now owns 93,536 shares of the company’s stock worth $4,818,000 after buying an additional 378 shares during the period.

Invesco Dividend Achievers ETF Trading Up 0.3%

PFM opened at $57.61 on Friday. Invesco Dividend Achievers ETF has a 12 month low of $48.60 and a 12 month high of $57.72. The business’s 50-day moving average price is $55.79 and its 200-day moving average price is $54.04. The company has a market cap of $807.69 million, a P/E ratio of 23.20 and a beta of 0.77.

Invesco Dividend Achievers ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.1929 per share. This represents a $0.77 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, June 22nd.

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.