Invesco Dividend Achievers ETF (NASDAQ:PFM – Get Rating)'s share price hit a new 52-week low on Friday . The company traded as low as $32.49 and last traded at $32.30, with a volume of 937 shares changing hands. The stock had previously closed at $32.74.
Invesco Dividend Achievers ETF Price Performance
The stock has a fifty day moving average of $35.83 and a two-hundred day moving average of $36.28.
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Invesco Dividend Achievers ETF Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, September 20th were issued a $0.166 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Monday, September 19th.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PFM. Flaharty Asset Management LLC boosted its holdings in Invesco Dividend Achievers ETF by 750.9% in the fourth quarter. Flaharty Asset Management LLC now owns 396,943 shares of the company's stock valued at $15,771,000 after acquiring an additional 350,294 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in shares of Invesco Dividend Achievers ETF during the first quarter worth about $11,739,000. Atlas Private Wealth Advisors lifted its stake in shares of Invesco Dividend Achievers ETF by 3,728.4% during the second quarter. Atlas Private Wealth Advisors now owns 247,813 shares of the company's stock worth $8,552,000 after purchasing an additional 241,340 shares in the last quarter. Horizon Wealth Management LLC acquired a new position in shares of Invesco Dividend Achievers ETF during the first quarter worth about $5,779,000. Finally, Strategic Wealth Advisors Group LLC lifted its stake in shares of Invesco Dividend Achievers ETF by 34.2% during the first quarter. Strategic Wealth Advisors Group LLC now owns 258,258 shares of the company's stock worth $9,913,000 after purchasing an additional 65,863 shares in the last quarter.
Invesco Dividend Achievers ETF Company Profile
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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.
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