Invesco Dividend Achievers ETF (NASDAQ:PFM) Sets New 1-Year High at $43.35

Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) hit a new 52-week high on Wednesday . The stock traded as high as $43.35 and last traded at $43.35, with a volume of 16574 shares traded. The stock had previously closed at $42.96.

Invesco Dividend Achievers ETF Stock Performance

The firm has a market capitalization of $659.79 million, a price-to-earnings ratio of 22.62 and a beta of 0.83. The company has a 50 day moving average price of $42.51 and a two-hundred day moving average price of $41.52.

Invesco Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were paid a dividend of $0.1922 per share. This represents a $0.77 annualized dividend and a dividend yield of 1.77%. This is an increase from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, June 24th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Choreo LLC raised its stake in Invesco Dividend Achievers ETF by 0.3% in the 4th quarter. Choreo LLC now owns 112,530 shares of the company’s stock valued at $4,489,000 after purchasing an additional 309 shares during the last quarter. Citizens Financial Group Inc. RI raised its stake in Invesco Dividend Achievers ETF by 0.4% in the 1st quarter. Citizens Financial Group Inc. RI now owns 117,672 shares of the company’s stock valued at $5,009,000 after purchasing an additional 415 shares during the last quarter. Capital Investment Advisory Services LLC raised its stake in Invesco Dividend Achievers ETF by 19.5% in the 4th quarter. Capital Investment Advisory Services LLC now owns 3,058 shares of the company’s stock valued at $122,000 after purchasing an additional 500 shares during the last quarter. Bond & Devick Financial Network Inc. raised its stake in Invesco Dividend Achievers ETF by 4.2% in the 4th quarter. Bond & Devick Financial Network Inc. now owns 13,561 shares of the company’s stock valued at $541,000 after purchasing an additional 541 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Invesco Dividend Achievers ETF by 2.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 42,159 shares of the company’s stock valued at $1,682,000 after purchasing an additional 818 shares during the last quarter.

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.