CFS Investment Advisory Services LLC Sells 2,903 Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM)

CFS Investment Advisory Services LLC cut its stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 15.7% in the third quarter, HoldingsChannel.com reports. The fund owned 15,603 shares of the company’s stock after selling 2,903 shares during the period. CFS Investment Advisory Services LLC’s holdings in Invesco Dividend Achievers ETF were worth $726,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in shares of Invesco Dividend Achievers ETF in the 2nd quarter valued at about $34,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Invesco Dividend Achievers ETF in the 2nd quarter valued at about $61,000. American Capital Advisory LLC bought a new stake in shares of Invesco Dividend Achievers ETF in the 3rd quarter valued at about $63,000. Paladin Wealth LLC bought a new stake in shares of Invesco Dividend Achievers ETF in the 3rd quarter valued at about $70,000. Finally, Simmons Bank bought a new stake in shares of Invesco Dividend Achievers ETF in the 3rd quarter valued at about $200,000.

Invesco Dividend Achievers ETF Price Performance

Shares of PFM stock opened at $47.68 on Friday. The stock has a market cap of $728.59 million, a PE ratio of 22.62 and a beta of 0.83. The stock has a 50-day moving average of $46.58 and a 200-day moving average of $44.59. Invesco Dividend Achievers ETF has a one year low of $38.19 and a one year high of $47.80.

Invesco Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.173 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.45%.

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.