Choreo LLC Cuts Stake in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Choreo LLC cut its holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,882 shares of the company’s stock after selling 4,270 shares during the period. Choreo LLC owned 0.71% of Invesco Dividend Achievers ETF worth $4,601,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC purchased a new position in shares of Invesco Dividend Achievers ETF in the second quarter worth $61,000. Cullen Frost Bankers Inc. purchased a new stake in Invesco Dividend Achievers ETF in the 2nd quarter worth $34,000. Consolidated Planning Corp bought a new position in shares of Invesco Dividend Achievers ETF during the 2nd quarter valued at about $275,000. Flaharty Asset Management LLC grew its position in shares of Invesco Dividend Achievers ETF by 1.0% during the second quarter. Flaharty Asset Management LLC now owns 831,887 shares of the company’s stock valued at $35,497,000 after purchasing an additional 8,508 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its holdings 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 worth $9,234,000 after purchasing an additional 6,530 shares during the last quarter.

Invesco Dividend Achievers ETF Trading Up 1.1 %

NASDAQ:PFM opened at $45.19 on Tuesday. The business’s 50-day moving average is $44.22 and its 200 day moving average is $42.79. Invesco Dividend Achievers ETF has a 12 month low of $35.18 and a 12 month high of $45.93. The company has a market capitalization of $685.93 million, a P/E ratio of 22.62 and a beta of 0.83.

Invesco Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a dividend of $0.1922 per share. This represents a $0.77 annualized dividend and a dividend yield of 1.70%. This is a boost from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, June 24th.

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.