Dubuque Bank & Trust Co. bought a new position in shares of Invesco Dividend Achievers ETF (NASDAQ:PFM) in the third quarter, HoldingsChannel.com reports. The fund bought 16,000 shares of the company’s stock, valued at approximately $440,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in PFM. Webster Bank N. A. bought a new position in Invesco Dividend Achievers ETF during the third quarter worth $107,000. Captrust Financial Advisors bought a new position in Invesco Dividend Achievers ETF during the second quarter worth $294,000. Jane Street Group LLC raised its stake in Invesco Dividend Achievers ETF by 33.6% during the first quarter. Jane Street Group LLC now owns 20,311 shares of the company’s stock worth $516,000 after buying an additional 5,104 shares during the last quarter. CIBC World Markets Inc. increased its stake in Invesco Dividend Achievers ETF by 9.9% in the second quarter. CIBC World Markets Inc. now owns 53,042 shares of the company’s stock valued at $1,362,000 after purchasing an additional 4,777 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Invesco Dividend Achievers ETF by 6.9% in the third quarter. Bank of Montreal Can now owns 50,730 shares of the company’s stock valued at $1,397,000 after purchasing an additional 3,266 shares in the last quarter.
PFM opened at $26.01 on Wednesday. Invesco Dividend Achievers ETF has a 1-year low of $24.48 and a 1-year high of $28.05.
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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