Financial Insights Inc. Buys 500 Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Financial Insights Inc. raised its stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,100 shares of the company’s stock after buying an additional 500 shares during the period. Financial Insights Inc.’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $309,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Capital Investment Advisors LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at $376,000. Precedent Wealth Partners LLC grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 169.4% during the 3rd quarter. Precedent Wealth Partners LLC now owns 37,018 shares of the company’s stock valued at $812,000 after purchasing an additional 23,276 shares during the last quarter. Provident Wealth Management LLC grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 8.7% during the 3rd quarter. Provident Wealth Management LLC now owns 206,603 shares of the company’s stock valued at $4,531,000 after purchasing an additional 16,551 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 0.7% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 250,524 shares of the company’s stock valued at $5,494,000 after purchasing an additional 1,767 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 2nd quarter valued at $3,451,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

PEY stock opened at $21.82 on Wednesday. Invesco High Yield Equity Dividend Achievers ETF has a 52 week low of $17.94 and a 52 week high of $22.45. The firm’s fifty day moving average is $21.62 and its 200 day moving average is $20.68. The firm has a market cap of $1.24 billion, a P/E ratio of 14.21 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, October 21st will be issued a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date is Monday, October 21st. This is a positive change from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.07.

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.