From Nasdaq: 2024-05-07 06:20:05

The Invesco Dividend Achievers ETF (PFM) was launched in 2005 and aims to provide exposure to the Large Cap Value segment of the US equity market. With assets over $646.67 million, it is sponsored by Invesco and offers an annual operating expense of 0.53% with a 1.78% dividend yield.

Large cap companies, with a market capitalization above $10 billion, are known for their stability due to predictable cash flows. Value stocks, like those in this ETF, typically have lower price ratios and growth rates compared to growth stocks. This ETF has a heaviest sector allocation in Information Technology.

The top holdings in PFM include Microsoft Corp, Apple Inc, and Broadcom Inc, with the top 10 holdings accounting for about 25.99% of total assets. PFM seeks to match the performance of the NASDAQ Dividend Achievers Index and has added roughly 4.84% this year, making it a medium-risk choice with 429 holdings.

For investors seeking exposure to the large cap value segment, the Invesco Dividend Achievers ETF (PFM) is an attractive option despite its slightly higher expense ratio. Other alternatives like Schwab U.S. Dividend Equity ETF and Vanguard Value ETF track a similar index with lower expense ratios, providing additional options for investors.



Read more at Nasdaq: Should Invesco Dividend Achievers ETF (PFM) Be on Your Investing Radar?