Tyler Stone Wealth Management Takes Position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Tyler Stone Wealth Management acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) during the 4th quarter, Holdings Channel reports. The firm acquired 9,547 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter valued at $25,000. ST Germain D J Co. Inc. bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter valued at about $32,000. Wagner Wealth Management LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth about $39,000. US Bancorp DE boosted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 244.9% during the 4th quarter. US Bancorp DE now owns 2,014 shares of the company’s stock worth $43,000 after buying an additional 1,430 shares during the period. Finally, Synergy Investment Management LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth about $68,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Up 0.5 %

Invesco High Yield Equity Dividend Achievers ETF stock opened at $21.41 on Thursday. The company’s 50-day moving average price is $21.70 and its two-hundred day moving average price is $21.77. The stock has a market cap of $1.20 billion, a P/E ratio of 15.66 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a twelve month low of $19.22 and a twelve month high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, March 24th.

Invesco High Yield Equity Dividend Achievers ETF Company 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.