IFP Advisors Inc Decreases Stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

IFP Advisors Inc reduced its stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 108,018 shares of the company’s stock after selling 697 shares during the period. IFP Advisors Inc’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $2,296,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PEY. Founders Grove Wealth Partners LLC purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter valued at approximately $4,871,000. Sanctuary Advisors LLC increased its holdings in Invesco High Yield Equity Dividend Achievers ETF by 35.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 233,351 shares of the company’s stock worth $5,313,000 after buying an additional 60,693 shares during the period. Apexium Financial LP acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter worth approximately $1,161,000. Benjamin Edwards Inc. acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter worth approximately $1,157,000. Finally, SteelPeak Wealth LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter worth approximately $670,000.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 0.4 %

Shares of NASDAQ:PEY opened at $21.93 on Wednesday. Invesco High Yield Equity Dividend Achievers ETF has a twelve month low of $19.22 and a twelve month high of $23.22. The company’s 50 day moving average is $21.55 and its 200 day moving average is $21.74. The company has a market cap of $1.23 billion, a PE ratio of 14.21 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 24th will be issued a $0.0701 dividend. The ex-dividend date of this dividend is Monday, February 24th.

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.