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

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 11,416 shares, a drop of 45.0% from the February 12th total of 20,773 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 30,344 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 30,344 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

Several institutional investors have recently added to or reduced their stakes in PFM. Bank of Montreal Can increased its holdings in Invesco Dividend Achievers ETF by 1.6% during the 2nd quarter. Bank of Montreal Can now owns 21,300 shares of the company’s stock worth $1,026,000 after purchasing an additional 345 shares in the last quarter. Good Life Advisors LLC lifted its holdings in shares of Invesco Dividend Achievers ETF by 14.3% in the second quarter. Good Life Advisors LLC now owns 7,234 shares of the company’s stock valued at $348,000 after purchasing an additional 905 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Invesco Dividend Achievers ETF by 36.7% during the second quarter. TD Waterhouse Canada Inc. now owns 95,087 shares of the company’s stock worth $4,611,000 after buying an additional 25,516 shares during the period. CreativeOne Wealth LLC grew its holdings in shares of Invesco Dividend Achievers ETF by 9.3% during the second quarter. CreativeOne Wealth LLC now owns 69,363 shares of the company’s stock worth $3,341,000 after buying an additional 5,897 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Invesco Dividend Achievers ETF by 3.6% during the second quarter. Steward Partners Investment Advisory LLC now owns 45,402 shares of the company’s stock worth $2,187,000 after buying an additional 1,592 shares in the last quarter.

Invesco Dividend Achievers ETF Price Performance

Shares of Invesco Dividend Achievers ETF stock traded down $0.03 during trading hours on Friday, hitting $51.69. The company’s stock had a trading volume of 17,704 shares, compared to its average volume of 34,104. Invesco Dividend Achievers ETF has a 12 month low of $40.01 and a 12 month high of $54.34. The stock has a 50 day moving average of $53.07 and a 200 day moving average of $51.69. The company has a market capitalization of $746.40 million, a PE ratio of 23.20 and a beta of 0.82.

Invesco Dividend Achievers ETF Increases Dividend

The business also recently disclosed 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. This is a positive change 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%. The ex-dividend date of this dividend was Monday, December 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.