November 23, 2016 - By Ruchi Gupta · 0 Comments
Nov 23 is a positive day so far for PowerShares Dividend Achievers ETF (NYSEARCA:PFM) as the ETF is active during the day after gaining 0.26% to hit $22.71 per share. The exchange traded fund has 294.13 million net assets and 0.62% volatility this month.
Over the course of the day 3,134 shares traded hands, as compared to an average volume of 26,860 over the last 30 days for PowerShares Dividend Achievers ETF (NYSEARCA:PFM).
The ETF is -3.50% of its 52-Week High and 21.03% of its low, and is currently having ATR of 0.17. This year’s performance is 10.31% while this quarter’s performance is -3.00%.
The ETF’s YTD performance is 9.52%, the 1 year is 8.78% and the 3 year is 6.84%.
The ETF’s average P/E ratio is 20.31, the price to book is 3.25, the price to sales is 1.6 and the price to cashflow is 11.73. It was started on 9/15/2005. The fund’s top holdings are: Microsoft Corporation for 4.29% of assets, Johnson & Johnson Common Stock for 4.00%, Exxon Mobil Corporation Common for 3.94%, Procter & Gamble Company (The) for 3.46%, AT&T Inc. for 3.38%, Wal-Mart Stores Inc. Common St for 3.23%, Chevron Corporation Common Stoc for 2.95%, Verizon Communications Inc. Com for 2.92%, Coca-Cola Company (The) Common for 2.73%, Pepsico Inc. Common Stock for 2.30%. The ETF sector weights are: Basic Materials 3.94%, Consumer Cyclical 6.82%, Financial Services 4.56%, Realestate 1.90%, Consumer Defensive 22.74%, Healthcare 10.28%, Utilities 6.37%, Communication Services 6.36%, Energy 10.56%, Industrials 15.09%, Technology 11.38%. The ETF currently as 2.24% yield.
More notable recent PowerShares Dividend Achievers (ETF) (NYSEARCA:PFM) news were published by: Forbes.com which released: “Choosing The Right Dividend ETF” on August 22, 2014, also Seekingalpha.com with their article: “The Best Dividend Growth ETF” published on May 17, 2016, Investorplace.com published: “Meet the 2016 Top 10 Dividend Achievers List” on May 14, 2016. More interesting news about PowerShares Dividend Achievers (ETF) (NYSEARCA:PFM) were released by: Seekingalpha.com and their article: “Dividend Investors Beware : Are Dividend ETFs As Safe As They Seem?” published on June 23, 2016 as well as Etftrends.com‘s news article titled: “Turn to Quality Dividend ETFs for a Sluggish Outlook” with publication date: August 05, 2016.
PowerShares Dividend Achievers Portfolio seeks investment results that correspond generally to the price and yield of the Broad Dividend Achievers Index (the Index). The ETF has a market cap of $294.13 million. The Index is designed to identify a diversified group of dividend paying companies. It has a 15.96 P/E ratio. These companies have increased their annual dividend for 10 or more consecutive fiscal years.
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By Ruchi Gupta