Genesis Wealth Advisors LLC Invests $269,000 in Invesco Dividend Achievers ETF (NASDAQ:PFM)

Genesis Wealth Advisors LLC purchased a new position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) in the fourth quarter, Holdings Channel.com reports. The firm purchased 5,864 shares of the company’s stock, valued at approximately $269,000.

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

Invesco Dividend Achievers ETF Stock Performance

Shares of NASDAQ PFM opened at $47.48 on Monday. The firm has a market cap of $725.97 million, a price-to-earnings ratio of 24.76 and a beta of 0.83. The business’s 50-day simple moving average is $46.86 and its 200-day simple moving average is $46.49. Invesco Dividend Achievers ETF has a 52 week low of $40.43 and a 52 week high of $48.28.

Invesco Dividend Achievers ETF Announces Dividend

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