Capital Investment Advisory Services LLC Raises Position in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Capital Investment Advisory Services LLC increased its holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 19.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,058 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Invesco Dividend Achievers ETF were worth $122,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC boosted its stake in Invesco Dividend Achievers ETF by 7.7% during the third quarter. Flagship Harbor Advisors LLC now owns 12,104 shares of the company’s stock worth $442,000 after acquiring an additional 869 shares in the last quarter. Impact Partnership Wealth LLC bought a new stake in Invesco Dividend Achievers ETF during the third quarter worth about $40,000. Private Trust Co. NA boosted its stake in Invesco Dividend Achievers ETF by 41.3% during the third quarter. Private Trust Co. NA now owns 10,610 shares of the company’s stock worth $388,000 after acquiring an additional 3,099 shares in the last quarter. Golden State Equity Partners boosted its stake in Invesco Dividend Achievers ETF by 42.4% during the third quarter. Golden State Equity Partners now owns 48,115 shares of the company’s stock worth $1,758,000 after acquiring an additional 14,323 shares in the last quarter. Finally, Eudaimonia Advisors LLC boosted its stake in Invesco Dividend Achievers ETF by 3.8% during the third quarter. Eudaimonia Advisors LLC now owns 39,166 shares of the company’s stock worth $1,431,000 after acquiring an additional 1,429 shares in the last quarter.

Invesco Dividend Achievers ETF Stock Performance

Shares of Invesco Dividend Achievers ETF stock opened at $41.30 on Thursday. Invesco Dividend Achievers ETF has a 52-week low of $35.18 and a 52-week high of $42.69. The stock has a market capitalization of $641.80 million, a PE ratio of 21.91 and a beta of 0.83. The company has a 50-day simple moving average of $41.59 and a two-hundred day simple moving average of $39.71.

Invesco Dividend Achievers ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a dividend of $0.1802 per share. The ex-dividend date was Monday, March 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.75%.

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.