Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 47.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,538 shares of the company’s stock after selling 25,907 shares during the period. Truist Financial Corp’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $549,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cedar Brook Financial Partners LLC increased its holdings in Invesco High Yield Equity Dividend Achievers ETF by 1.1% during the 2nd quarter. Cedar Brook Financial Partners LLC now owns 55,749 shares of the company’s stock valued at $1,072,000 after acquiring an additional 594 shares in the last quarter. Pasadena Private Wealth LLC raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.7% during the 2nd quarter. Pasadena Private Wealth LLC now owns 23,458 shares of the company’s stock worth $451,000 after purchasing an additional 613 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in Invesco High Yield Equity Dividend Achievers ETF by 0.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 194,834 shares of the company’s stock valued at $3,881,000 after buying an additional 741 shares in the last quarter. CWM LLC grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 81.6% during the 1st quarter. CWM LLC now owns 2,161 shares of the company’s stock valued at $43,000 after buying an additional 971 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in Invesco High Yield Equity Dividend Achievers ETF by 3.9% during the first quarter. CIBC Private Wealth Group LLC now owns 26,780 shares of the company’s stock worth $443,000 after buying an additional 1,000 shares in the last quarter.

Analyst Ratings Changes

PEY has been the topic of a number of analyst reports. Royal Bank of Canada increased their price objective on Invesco High Yield Equity Dividend Achievers ETF from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 27th. BMO Capital Markets raised their price target on shares of Invesco High Yield Equity Dividend Achievers ETF from $13.50 to $16.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 18th.

Invesco High Yield Equity Dividend Achievers ETF Stock Down 1.0 %

Shares of Invesco High Yield Equity Dividend Achievers ETF stock opened at $18.51 on Friday. The firm has a market cap of $1.20 billion, a PE ratio of 12.49 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a fifty-two week low of $17.94 and a fifty-two week high of $21.83. The business’s fifty day moving average is $19.17 and its two-hundred day moving average is $19.34.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 24th were paid a $0.093 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.03%. This is a positive change from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Monday, October 23rd.

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.