Invesco Dividend Achievers ETF (NASDAQ:PFM) Sees Strong Trading Volume – Should You Buy?

Invesco Dividend Achievers ETF (NASDAQ:PFM) saw unusually-strong trading volume on Friday . Approximately 20,776 shares traded hands during mid-day trading, a decline of 35% from the previous session’s volume of 31,880 shares.The stock last traded at $45.52 and had previously closed at $45.88.

Invesco Dividend Achievers ETF Trading Down 1.4 %

The firm has a market cap of $694.43 million, a PE ratio of 22.62 and a beta of 0.83. The business’s 50-day simple moving average is $46.90 and its 200 day simple moving average is $45.66.

Invesco Dividend Achievers ETF Dividend Announcement

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

Institutional Investors Weigh In On Invesco Dividend Achievers ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Planning raised its stake in shares of Invesco Dividend Achievers ETF by 2.8% during the 2nd quarter. Creative Planning now owns 9,313 shares of the company’s stock valued at $397,000 after buying an additional 256 shares during the last quarter. Citizens Financial Group Inc. RI raised its position in Invesco Dividend Achievers ETF by 0.6% during the third quarter. Citizens Financial Group Inc. RI now owns 118,692 shares of the company’s stock valued at $5,525,000 after acquiring an additional 753 shares in the last quarter. Bank of Montreal Can lifted its holdings in Invesco Dividend Achievers ETF by 5.2% in the second quarter. Bank of Montreal Can now owns 17,637 shares of the company’s stock valued at $756,000 after acquiring an additional 869 shares during the period. J.W. Cole Advisors Inc. boosted its position in Invesco Dividend Achievers ETF by 3.0% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 32,902 shares of the company’s stock worth $1,404,000 after purchasing an additional 946 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in shares of Invesco Dividend Achievers ETF by 1.8% during the 3rd quarter. MML Investors Services LLC now owns 58,741 shares of the company’s stock worth $2,734,000 after purchasing an additional 1,054 shares during the period.

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.