PMG Wealth Management Inc. Makes New Investment in Invesco Dividend Achievers ETF (NASDAQ:PFM)

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

Several other large investors have also modified their holdings of PFM. ST Germain D J Co. Inc. purchased a new position in Invesco Dividend Achievers ETF during the 4th quarter worth approximately $55,000. American Capital Advisory LLC acquired a new stake in shares of Invesco Dividend Achievers ETF in the third quarter valued at approximately $63,000. Private Wealth Management Group LLC purchased a new position in shares of Invesco Dividend Achievers ETF during the fourth quarter worth approximately $74,000. Golden State Wealth Management LLC acquired a new position in shares of Invesco Dividend Achievers ETF in the 4th quarter valued at $99,000. Finally, Simmons Bank acquired a new position in shares of Invesco Dividend Achievers ETF in the 3rd quarter valued at $200,000.

Invesco Dividend Achievers ETF Price Performance

Shares of NASDAQ:PFM opened at $47.48 on Friday. 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 cap of $725.97 million, a P/E ratio of 24.76 and a beta of 0.83. The firm has a fifty day moving average price of $46.86 and a 200 day moving average price of $46.43.

Invesco Dividend Achievers ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid 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.