Lifeworks Advisors LLC Reduces Position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Lifeworks Advisors LLC trimmed its position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 12.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 22,878 shares of the company’s stock after selling 3,384 shares during the period. Lifeworks Advisors LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $502,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Insights Inc. lifted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 3.7% in the third quarter. Financial Insights Inc. now owns 14,100 shares of the company’s stock worth $309,000 after buying an additional 500 shares in the last quarter. Stolper Co lifted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.1% in the second quarter. Stolper Co now owns 29,077 shares of the company’s stock worth $571,000 after buying an additional 610 shares in the last quarter. RFG Advisory LLC lifted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.0% in the second quarter. RFG Advisory LLC now owns 38,476 shares of the company’s stock worth $756,000 after buying an additional 737 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 8.7% in the second quarter. Mather Group LLC. now owns 12,501 shares of the company’s stock worth $258,000 after buying an additional 1,005 shares in the last quarter. Finally, Pasadena Private Wealth LLC lifted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 4.0% in the second quarter. Pasadena Private Wealth LLC now owns 28,561 shares of the company’s stock worth $561,000 after buying an additional 1,099 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Trading Down 0.4 %

Shares of Invesco High Yield Equity Dividend Achievers ETF stock opened at $22.08 on Friday. The company’s 50-day moving average price is $21.75 and its 200-day moving average price is $20.90. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 14.21 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a 12-month low of $19.14 and a 12-month high of $22.46.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were given a $0.09 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.89%. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, October 21st.

Invesco High Yield Equity Dividend Achievers ETF Profile

PowerShares High Yield Equity Dividend Achiever Portfolio (the Fund) is based on the Mergent Dividend Achiever 50 Index (the Index). The Fund focuses to invest at least 90% of its total assets in dividend paying common stocks, which comprise the Index. The Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends.