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

Precedent Wealth Partners LLC grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 2.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 37,763 shares of the company’s stock after purchasing an additional 745 shares during the quarter. Precedent Wealth Partners LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $803,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PEY. Fortitude Family Office LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at approximately $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 valued at $32,000. Farther Finance Advisors LLC boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 889.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,424 shares of the company’s stock worth $97,000 after purchasing an additional 3,977 shares during the period. Financial Insights Inc. increased its holdings 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 purchasing an additional 500 shares in the last quarter. Finally, Capital Investment Advisors LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at about $376,000.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of NASDAQ PEY opened at $21.78 on Friday. Invesco High Yield Equity Dividend Achievers ETF has a 1-year low of $19.22 and a 1-year high of $23.22. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 14.21 and a beta of 0.87. The business has a 50-day moving average of $21.83 and a 200-day moving average of $21.59.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 21st were issued a $0.0837 dividend. The ex-dividend date was Tuesday, January 21st. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous dividend of $0.08.

About Invesco High Yield Equity Dividend Achievers ETF

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.