TD Waterhouse Canada Inc. Boosts Stock Position in Invesco Dividend Achievers ETF $PFM

TD Waterhouse Canada Inc. boosted its position in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 36.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 95,087 shares of the company’s stock after purchasing an additional 25,516 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Invesco Dividend Achievers ETF were worth $4,611,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. CWM LLC grew its holdings in shares of Invesco Dividend Achievers ETF by 58.0% during the second quarter. CWM LLC now owns 689 shares of the company’s stock worth $33,000 after buying an additional 253 shares in the last quarter. Briaud Financial Planning Inc acquired a new stake in Invesco Dividend Achievers ETF during the second quarter worth approximately $187,000. Sovran Advisors LLC purchased a new stake in Invesco Dividend Achievers ETF in the 2nd quarter worth approximately $231,000. Townsquare Capital LLC grew its stake in Invesco Dividend Achievers ETF by 15.2% in the 1st quarter. Townsquare Capital LLC now owns 7,606 shares of the company’s stock worth $348,000 after acquiring an additional 1,005 shares during the period. Finally, Good Life Advisors LLC raised its holdings in Invesco Dividend Achievers ETF by 14.3% in the 2nd quarter. Good Life Advisors LLC now owns 7,234 shares of the company’s stock valued at $348,000 after acquiring an additional 905 shares during the last quarter.

Invesco Dividend Achievers ETF Stock Down 0.8%

Shares of Invesco Dividend Achievers ETF stock opened at $50.03 on Friday. Invesco Dividend Achievers ETF has a fifty-two week low of $40.01 and a fifty-two week high of $51.61. The business’s fifty day moving average is $50.79 and its two-hundred day moving average is $48.99. The firm has a market cap of $719.43 million, a PE ratio of 23.20 and a beta of 0.82.

Invesco Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a $0.1719 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, September 22nd.

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.