Spire Wealth Management Sells 2,058 Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM)

Spire Wealth Management cut its holdings in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 75.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 666 shares of the company’s stock after selling 2,058 shares during the period. Spire Wealth Management’s holdings in Invesco Dividend Achievers ETF were worth $28,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Revisor Wealth Management LLC bought a new position in shares of Invesco Dividend Achievers ETF in the 1st quarter worth $385,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of Invesco Dividend Achievers ETF by 6.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 428,518 shares of the company’s stock worth $18,242,000 after purchasing an additional 26,625 shares during the period. United Advisor Group LLC purchased a new stake in shares of Invesco Dividend Achievers ETF in the 4th quarter worth about $333,000. CFS Investment Advisory Services LLC lifted its position in Invesco Dividend Achievers ETF by 35.0% during the 4th quarter. CFS Investment Advisory Services LLC now owns 19,039 shares of the company’s stock valued at $759,000 after acquiring an additional 4,933 shares during the period. Finally, Steward Partners Investment Solutions LLC purchased a new position in Invesco Dividend Achievers ETF during the 4th quarter valued at about $288,000.

Invesco Dividend Achievers ETF Trading Down 0.3 %

NASDAQ PFM traded down $0.13 during trading hours on Wednesday, hitting $42.85. 324,668 shares of the company’s stock traded hands, compared to its average volume of 29,570. Invesco Dividend Achievers ETF has a 52 week low of $35.18 and a 52 week high of $43.10. The firm has a market capitalization of $665.50 million, a P/E ratio of 22.62 and a beta of 0.83. The business’s fifty day moving average price is $41.79 and its two-hundred day moving average price is $40.49.

Invesco Dividend Achievers ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were issued a $0.1802 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Monday, March 18th.

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.