113,692 Shares in Invesco Dividend Achievers ETF $PFM Purchased by Focus Financial Network Inc.

Focus Financial Network Inc. acquired a new stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 113,692 shares of the company’s stock, valued at approximately $6,239,000.

Several other institutional investors have also modified their holdings of PFM. Royal Bank of Canada increased its stake in shares of Invesco Dividend Achievers ETF by 4.4% during the first quarter. Royal Bank of Canada now owns 73,958 shares of the company’s stock worth $3,778,000 after buying an additional 3,114 shares during the period. Everstar Asset Management LLC increased its position in Invesco Dividend Achievers ETF by 11.8% during the first quarter. Everstar Asset Management LLC now owns 70,354 shares of the company’s stock worth $3,597,000 after buying an additional 7,424 shares during the period. SteelPeak Wealth LLC raised its position in Invesco Dividend Achievers ETF by 497.3% in the 1st quarter. SteelPeak Wealth LLC now owns 53,914 shares of the company’s stock valued at $2,755,000 after purchasing an additional 44,888 shares during the last quarter. Waverly Advisors LLC raised its holdings in shares of Invesco Dividend Achievers ETF by 0.4% in the first quarter. Waverly Advisors LLC now owns 46,732 shares of the company’s stock valued at $2,388,000 after buying an additional 192 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new stake in Invesco Dividend Achievers ETF during the 1st quarter worth approximately $1,160,000.

Invesco Dividend Achievers ETF Stock Performance

PFM stock opened at $56.35 on Wednesday. Invesco Dividend Achievers ETF has a one year low of $49.98 and a one year high of $58.18. The company has a fifty day moving average of $56.63 and a 200-day moving average of $55.27. The stock has a market capitalization of $790.59 million, a PE ratio of 23.20 and a beta of 0.77.

Invesco Dividend Achievers ETF 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.