Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Shares Bought by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lifted its position in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 418.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,778 shares of the company’s stock after purchasing an additional 3,857 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $102,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. ST Germain D J Co. Inc. acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter worth about $32,000. Wagner Wealth Management LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter valued at approximately $39,000. US Bancorp DE raised its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 244.9% during the 4th quarter. US Bancorp DE now owns 2,014 shares of the company’s stock worth $43,000 after buying an additional 1,430 shares during the period. Synergy Investment Management LLC purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter valued at approximately $68,000. Finally, Farther Finance Advisors LLC grew its stake in 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 valued at $97,000 after acquiring an additional 3,977 shares during the period.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Shares of NASDAQ PEY opened at $21.96 on Monday. The firm has a fifty day moving average of $21.62 and a 200 day moving average of $21.78. The firm has a market cap of $1.23 billion, a PE ratio of 15.46 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a one year low of $19.22 and a one year high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were paid a dividend of $0.0701 per share. The ex-dividend date of this dividend was Monday, February 24th.

Invesco High Yield Equity Dividend Achievers ETF Company 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.