Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Shares Bought by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC raised its stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,763 shares of the company’s stock after buying an additional 745 shares during the period. Precedent Wealth Partners LLC owned approximately 0.07% of Invesco High Yield Equity Dividend Achievers ETF worth $803,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Fortitude Family Office LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF during the third quarter worth $31,000. ST Germain D J Co. Inc. acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth $32,000. Farther Finance Advisors LLC boosted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 889.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,424 shares of the company’s stock worth $97,000 after buying an additional 3,977 shares in the last quarter. Financial Insights Inc. grew its stake in Invesco High Yield Equity Dividend Achievers ETF by 3.7% in the 3rd quarter. Financial Insights Inc. now owns 14,100 shares of the company’s stock valued at $309,000 after acquiring an additional 500 shares during the last quarter. Finally, Capital Investment Advisors LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at about $376,000.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 0.4 %

Shares of PEY opened at $21.78 on Friday. Invesco High Yield Equity Dividend Achievers ETF has a 12-month low of $19.22 and a 12-month high of $23.22. The stock has a market cap of $1.22 billion, a P/E ratio of 14.21 and a beta of 0.87. The company has a 50-day moving average of $21.83 and a two-hundred day moving average of $21.59.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, January 21st were given a dividend of $0.0837 per share. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous dividend of $0.08. The ex-dividend date of this dividend was Tuesday, January 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.