Jones Financial Companies Lllp Buys 41,514 Shares of Invesco Dividend Achievers ETF (NASDAQ:PFM)

Jones Financial Companies Lllp lifted its stake in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 155.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 68,178 shares of the company’s stock after buying an additional 41,514 shares during the quarter. Jones Financial Companies Lllp’s holdings in Invesco Dividend Achievers ETF were worth $3,127,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Citizens Financial Group Inc. RI increased its stake in Invesco Dividend Achievers ETF by 0.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 118,692 shares of the company’s stock valued at $5,525,000 after purchasing an additional 753 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Invesco Dividend Achievers ETF by 11.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,127 shares of the company’s stock valued at $373,000 after buying an additional 815 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Invesco Dividend Achievers ETF by 1.8% during the third quarter. MML Investors Services LLC now owns 58,741 shares of the company’s stock valued at $2,734,000 after buying an additional 1,054 shares during the last quarter. ST Germain D J Co. Inc. bought a new stake in shares of Invesco Dividend Achievers ETF during the fourth quarter valued at approximately $55,000. Finally, American Capital Advisory LLC purchased a new position in Invesco Dividend Achievers ETF in the 3rd quarter worth approximately $63,000.

Invesco Dividend Achievers ETF Trading Up 0.8 %

PFM stock opened at $47.04 on Thursday. The stock has a market capitalization of $719.24 million, a PE ratio of 24.76 and a beta of 0.83. The stock’s 50 day simple moving average is $46.99 and its 200 day simple moving average is $46.68. Invesco Dividend Achievers ETF has a 12-month low of $40.43 and a 12-month high of $48.28.

Invesco Dividend Achievers ETF Dividend Announcement

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

About Invesco Dividend Achievers ETF

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.