PFG Advisors Has $841,000 Stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

PFG Advisors grew its holdings in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,550 shares of the company’s stock after buying an additional 1,054 shares during the period. PFG Advisors’ holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $841,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter valued at approximately $13,455,000. Capital Investment Counsel LLC lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 2.1% during the 3rd quarter. Capital Investment Counsel LLC now owns 356,629 shares of the company’s stock worth $7,821,000 after purchasing an additional 7,324 shares during the last quarter. Investors Research Corp lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 7.1% during the 4th quarter. Investors Research Corp now owns 280,227 shares of the company’s stock worth $5,958,000 after purchasing an additional 18,527 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 3.9% during the 4th quarter. Sanctuary Advisors LLC now owns 242,424 shares of the company’s stock worth $5,309,000 after purchasing an additional 9,073 shares during the last quarter. Finally, Founders Grove Wealth Partners LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth approximately $4,871,000.

Invesco High Yield Equity Dividend Achievers ETF Trading Down 0.5 %

NASDAQ:PEY opened at $21.08 on Friday. The stock has a market cap of $1.18 billion, a P/E ratio of 15.46 and a beta of 0.87. The stock has a 50 day simple moving average of $21.64 and a 200 day simple moving average of $21.78. Invesco High Yield Equity Dividend Achievers ETF has a 1-year low of $19.22 and a 1-year high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were issued a dividend of $0.0701 per share. The ex-dividend date was Monday, February 24th.

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.