J.W. Cole Advisors Inc. Reduces Its Stake in Invesco Dividend Achievers ETF

J.W. Cole Advisors Inc. has reduced its holdings in Invesco Dividend Achievers ETF (NASDAQ:PFM) by 2.3% in the third quarter, as reported in their latest Form 13F submission to the Securities and Exchange Commission. Following the sale of 771 shares, the firm now owns a total of 32,131 shares of this ETF. As of the end of the reporting period, J.W. Cole Advisors Inc.'s investment in the Invesco Dividend Achievers ETF amounts to approximately $1,496,000, representing about 0.21% of the ETF's total shares.

Other institutional investors have also made adjustments to their holdings in the Invesco Dividend Achievers ETF recently. For instance, Flaharty Asset Management LLC increased its position by 1.0% during the second quarter, now holding 831,887 shares valued at $35,497,000 after acquiring an additional 8,508 shares. Similarly, Raymond James Financial Services Advisors Inc. raised its stake by 4.8%, now owning 449,214 shares worth $19,168,000 after adding 20,696 shares in the last quarter. Furthermore, Raymond James & Associates also boosted their position by 3.9% in the third quarter, bringing their total to 384,769 shares valued at $17,911,000 after purchasing 14,462 additional shares.

Other investors, such as Atria Wealth Solutions Inc., lifted their position by 3.1%, owning 216,393 shares now valued at $9,234,000 after acquiring 6,530 shares. Finally, Atlas Private Wealth Advisors made significant adjustments by increasing their stake by 52.8%, now holding 139,730 shares valued at $5,962,000 after purchasing 48,270 shares in the previous quarter.

Invesco Dividend Achievers ETF Performance

The Invesco Dividend Achievers ETF traded up by 0.4% recently, opening at $46.45. The ETF has a market capitalization of $709.76 million and a price-to-earnings (P/E) ratio of 22.62, along with a beta of 0.83. Over the past year, the ETF has seen a low of $35.40 and a high of $47.35. Currently, its fifty-day moving average stands at $46.04, and the two-hundred-day average is $43.87.

Recent Dividend Announcement

Invesco Dividend Achievers ETF has declared a quarterly dividend which was disbursed on September 27. Shareholders of record on September 23 received a dividend of $0.173, with the ex-dividend date set for September 23. This dividend amounts to an annualized total of $0.69, resulting in a yield of 1.49%.

Invesco Dividend Achievers ETF Overview

The PowerShares Dividend Achievers Portfolio aims to achieve investment outcomes that align with the performance and yield of the Broad Dividend Achievers Index. This index focuses on identifying a diverse range of companies that have consistently increased their annual dividends for ten consecutive years.

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J.W. Cole, Invesco, ETF