BKM Wealth Management LLC Lowers Position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

BKM Wealth Management LLC trimmed its position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 3.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,087 shares of the company’s stock after selling 996 shares during the period. BKM Wealth Management LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $572,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. Chilton Capital Management LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter worth approximately $31,000. Fifth Third Bancorp grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 81.7% during the second quarter. Fifth Third Bancorp now owns 3,634 shares of the company’s stock valued at $71,000 after buying an additional 1,634 shares during the last quarter. CWM LLC increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 164.6% in the 2nd quarter. CWM LLC now owns 4,213 shares of the company’s stock valued at $83,000 after acquiring an additional 2,621 shares during the period. Bristlecone Advisors LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter valued at $106,000. Finally, Mather Group LLC. lifted its position in Invesco High Yield Equity Dividend Achievers ETF by 8.7% during the 2nd quarter. Mather Group LLC. now owns 12,501 shares of the company’s stock worth $258,000 after acquiring an additional 1,005 shares during the period.

Invesco High Yield Equity Dividend Achievers ETF Stock Down 0.9 %

Shares of NASDAQ:PEY opened at $21.59 on Friday. Invesco High Yield Equity Dividend Achievers ETF has a 52-week low of $17.94 and a 52-week high of $22.45. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 14.21 and a beta of 0.87. The business has a 50-day moving average price of $21.65 and a 200-day moving average price of $20.70.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 21st were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.00%. This is a positive change from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.07.

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.