Invesco Dividend Achievers ETF (NASDAQ:PFM) Sees Significant Drop in Short Interest

Invesco Dividend Achievers ETF (NASDAQ:PFM) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 12,600 shares, a decline of 17.6% from the June 30th total of 15,300 shares. Based on an average daily trading volume, of 23,700 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

Institutional investors have recently made changes to their positions in the stock. Flaharty Asset Management LLC lifted its holdings in shares of Invesco Dividend Achievers ETF by 0.5% in the fourth quarter. Flaharty Asset Management LLC now owns 752,530 shares of the company’s stock valued at $30,018,000 after purchasing an additional 3,466 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Invesco Dividend Achievers ETF by 4.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 449,214 shares of the company’s stock valued at $19,168,000 after buying an additional 20,696 shares during the period. Wilbanks Smith & Thomas Asset Management LLC raised its stake in shares of Invesco Dividend Achievers ETF by 1.9% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 431,916 shares of the company’s stock valued at $17,229,000 after buying an additional 8,117 shares during the period. Raymond James & Associates raised its stake in shares of Invesco Dividend Achievers ETF by 59.6% in the second quarter. Raymond James & Associates now owns 370,307 shares of the company’s stock valued at $15,801,000 after buying an additional 138,313 shares during the period. Finally, Atria Wealth Solutions Inc. grew its position in shares of Invesco Dividend Achievers ETF by 3.1% in the second quarter. Atria Wealth Solutions Inc. now owns 216,393 shares of the company’s stock valued at $9,234,000 after purchasing an additional 6,530 shares in the last quarter.

Invesco Dividend Achievers ETF Stock Up 1.2 %

Shares of NASDAQ PFM traded up $0.53 during trading on Friday, reaching $44.20. The company had a trading volume of 17,608 shares, compared to its average volume of 26,736. The company’s fifty day moving average price is $43.00 and its 200-day moving average price is $41.89. 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 cap of $670.96 million, a P/E ratio of 22.62 and a beta of 0.83.

Invesco Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a $0.1922 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Monday, June 24th. 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.