6,685 Shares in Invesco Dividend Achievers ETF (NASDAQ:PFM) Bought by PMG Wealth Management Inc.

PMG Wealth Management Inc. acquired a new stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,685 shares of the company’s stock, valued at approximately $307,000.

Other institutional investors also recently bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new stake in shares of Invesco Dividend Achievers ETF in the 4th quarter worth $55,000. American Capital Advisory LLC purchased a new position in Invesco Dividend Achievers ETF during the third quarter worth about $63,000. Private Wealth Management Group LLC acquired a new stake in Invesco Dividend Achievers ETF in the fourth quarter valued at about $74,000. Golden State Wealth Management LLC purchased a new stake in Invesco Dividend Achievers ETF in the 4th quarter valued at approximately $99,000. Finally, Simmons Bank acquired a new position in Invesco Dividend Achievers ETF during the 3rd quarter worth approximately $200,000.

Invesco Dividend Achievers ETF Trading Down 0.9 %

Shares of PFM stock opened at $47.48 on Friday. The stock has a 50 day simple moving average of $46.86 and a 200-day simple moving average of $46.43. The company has a market cap of $725.97 million, a price-to-earnings ratio of 24.76 and a beta of 0.83. Invesco Dividend Achievers ETF has a 12-month low of $40.43 and a 12-month high of $48.28.

Invesco Dividend Achievers ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a $0.1813 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.