SteelPeak Wealth LLC Acquires 44,888 Shares of Invesco Dividend Achievers ETF $PFM

SteelPeak Wealth LLC lifted its holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 497.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,914 shares of the company’s stock after buying an additional 44,888 shares during the quarter. SteelPeak Wealth LLC owned approximately 0.38% of Invesco Dividend Achievers ETF worth $2,755,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its stake in Invesco Dividend Achievers ETF by 250.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,600 shares of the company’s stock worth $287,000 after acquiring an additional 4,000 shares in the last quarter. Independent Financial Group LLC bought a new position in shares of Invesco Dividend Achievers ETF during the first quarter valued at approximately $1,160,000. International Assets Investment Management LLC increased its stake in shares of Invesco Dividend Achievers ETF by 45.2% during the first quarter. International Assets Investment Management LLC now owns 2,425 shares of the company’s stock valued at $124,000 after purchasing an additional 755 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of Invesco Dividend Achievers ETF during the first quarter valued at approximately $28,000. Finally, Sovran Advisors LLC lifted its holdings in shares of Invesco Dividend Achievers ETF by 4.0% during the first quarter. Sovran Advisors LLC now owns 5,711 shares of the company’s stock valued at $309,000 after purchasing an additional 222 shares during the last quarter.

Invesco Dividend Achievers ETF Stock Down 0.5%

Shares of PFM opened at $55.91 on Friday. The stock has a market cap of $784.42 million, a P/E ratio of 23.20 and a beta of 0.78. The business’s 50 day moving average price is $55.21 and its 200-day moving average price is $53.59. Invesco Dividend Achievers ETF has a 52 week low of $47.89 and a 52 week high of $56.45.

Invesco Dividend Achievers ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.1929 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.77 dividend on an annualized basis and a 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.