Capital Advisory Group Advisory Services LLC Has $2.58 Million Stake in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Capital Advisory Group Advisory Services LLC increased its stake in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,346 shares of the company’s stock after buying an additional 3,692 shares during the quarter. Capital Advisory Group Advisory Services LLC owned about 0.37% of Invesco Dividend Achievers ETF worth $2,584,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates increased its position in shares of Invesco Dividend Achievers ETF by 3.9% in the third quarter. Raymond James & Associates now owns 384,769 shares of the company’s stock worth $17,911,000 after purchasing an additional 14,462 shares during the period. Hanlon Investment Management Inc. bought a new position in Invesco Dividend Achievers ETF in the 3rd quarter valued at about $560,000. American Capital Advisory LLC acquired a new position in shares of Invesco Dividend Achievers ETF in the 3rd quarter valued at approximately $63,000. Atria Investments Inc bought a new stake in shares of Invesco Dividend Achievers ETF during the 3rd quarter worth approximately $268,000. Finally, Simmons Bank bought a new stake in shares of Invesco Dividend Achievers ETF during the 3rd quarter worth approximately $200,000.

Invesco Dividend Achievers ETF Price Performance

Shares of NASDAQ:PFM opened at $47.93 on Friday. The company’s 50 day simple moving average is $46.86 and its 200 day simple moving average is $46.43. Invesco Dividend Achievers ETF has a 1 year low of $40.43 and a 1 year high of $48.28. The stock has a market capitalization of $732.85 million, a price-to-earnings ratio of 24.76 and a beta of 0.83.

Invesco Dividend Achievers ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.1813 per share. The ex-dividend date was Monday, December 23rd.

Invesco Dividend Achievers ETF 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.