Invesco Dividend Achievers ETF (NASDAQ:PFM – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 9,300 shares, a drop of 21.8% from the September 30th total of 11,900 shares. Based on an average daily volume of 29,700 shares, the short-interest ratio is currently 0.3 days.
Hedge Funds Weigh In On Invesco Dividend Achievers ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. bought a new stake in shares of Invesco Dividend Achievers ETF during the second quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Invesco Dividend Achievers ETF during the second quarter worth approximately $61,000. Paladin Wealth LLC bought a new stake in shares of Invesco Dividend Achievers ETF during the third quarter worth approximately $70,000. EWG Elevate Inc. bought a new stake in shares of Invesco Dividend Achievers ETF during the third quarter worth approximately $219,000. Finally, Consolidated Planning Corp bought a new stake in shares of Invesco Dividend Achievers ETF during the second quarter worth approximately $275,000.
Invesco Dividend Achievers ETF Stock Performance
Invesco Dividend Achievers ETF stock traded down $0.30 during midday trading on Friday, reaching $46.25. 9,352 shares of the company’s stock were exchanged, compared to its average volume of 27,623. Invesco Dividend Achievers ETF has a 52 week low of $35.18 and a 52 week high of $47.35. The firm has a market cap of $706.70 million, a price-to-earnings ratio of 22.62 and a beta of 0.83. The stock’s 50-day simple moving average is $46.04 and its 200 day simple moving average is $43.85.
Invesco Dividend Achievers ETF Cuts Dividend
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.
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