Waverly Advisors LLC Makes New Investment in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Waverly Advisors LLC bought a new position in Invesco Dividend Achievers ETF (NASDAQ:PFM) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 58,627 shares of the company’s stock, valued at approximately $2,496,000. Waverly Advisors LLC owned about 0.38% of Invesco Dividend Achievers ETF as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PFM. Tidemark LLC purchased a new position in Invesco Dividend Achievers ETF in the 4th quarter worth about $47,000. Key Financial Inc increased its position in shares of Invesco Dividend Achievers ETF by 77.6% during the 4th quarter. Key Financial Inc now owns 2,849 shares of the company’s stock valued at $114,000 after purchasing an additional 1,245 shares during the last quarter. Capital Investment Advisory Services LLC increased its position in shares of Invesco Dividend Achievers ETF by 19.5% during 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. Financial Guidance Group Inc. purchased a new stake in shares of Invesco Dividend Achievers ETF during the 4th quarter valued at about $204,000. Finally, Northwest Financial Advisors purchased a new stake in shares of Invesco Dividend Achievers ETF during the 4th quarter valued at about $218,000.

Invesco Dividend Achievers ETF Price Performance

Shares of NASDAQ PFM remained flat at $44.18 during midday trading on Tuesday. 9,316 shares of the stock traded hands, compared to its average volume of 26,559. Invesco Dividend Achievers ETF has a 12-month low of $35.18 and a 12-month high of $44.74. The stock has a market capitalization of $670.65 million, a PE ratio of 22.62 and a beta of 0.83. The company has a 50-day moving average price of $43.03 and a two-hundred day moving average price of $41.94.

Invesco Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were given a dividend of $0.1922 per share. The ex-dividend date was Monday, June 24th. This represents a $0.77 annualized dividend and a dividend yield of 1.74%. This is a positive change from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18.

Invesco Dividend Achievers ETF Company 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.