LPL Financial LLC Boosts Holdings in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

LPL Financial LLC lifted its position in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,937,371 shares of the company’s stock after purchasing an additional 46,018 shares during the period. LPL Financial LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $41,188,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PEY. Rialto Wealth Management LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter valued at approximately $25,000. ST Germain D J Co. Inc. purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter valued at approximately $32,000. Wagner Wealth Management LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter worth approximately $39,000. US Bancorp DE increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 244.9% in the fourth 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 last quarter. Finally, Synergy Investment Management LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter valued at $68,000.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

NASDAQ PEY opened at $21.29 on Friday. The company’s fifty day moving average price is $21.69 and its two-hundred day moving average price is $21.77. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 15.66 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a 12 month low of $19.22 and a 12 month 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, March 28th. Investors of record on Monday, March 24th were paid a $0.07 dividend. The ex-dividend date of this dividend was 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.