Invesco Dividend Achievers ETF (PFM) Stock Price, Quote, News & History | Benzinga

The Fund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq, Inc. ('Nasdaq' or the 'Index Provider') includes U.S. exchange-listed common stocks in the Underlying Index pursuant to a proprietary selection methodology that identifies a universe of Dividend AchieversTM. To qualify for the universe of 'Dividend AchieversTM,' an issuer must have increased its annual regular cash dividend payments for at least each of its last ten consecutive years. The Fund employs a 'full replication' methodology in seeking to track the Underlying Index, meaning that the Fund generally invests in all of the securities comprising its Underlying Index in proportion to their weightings in the Underlying Index.