Cerity Partners LLC Takes Position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Cerity Partners LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 20,189 shares of the company’s stock, valued at approximately $429,000.

A number of other institutional investors have also made changes to their positions in PEY. Raymond James Financial Inc. acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter valued at $13,455,000. Founders Grove Wealth Partners LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter valued at about $4,871,000. Virtu Financial LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter worth about $1,945,000. Axis Wealth Partners LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter worth about $1,598,000. Finally, Jones Financial Companies Lllp raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 113.6% in the 4th quarter. Jones Financial Companies Lllp now owns 138,066 shares of the company’s stock worth $2,935,000 after purchasing an additional 73,433 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of NASDAQ:PEY opened at $19.65 on Wednesday. The business’s 50 day simple moving average is $20.93 and its 200 day simple moving average is $21.52. Invesco High Yield Equity Dividend Achievers ETF has a 1 year low of $18.32 and a 1 year high of $23.22. The company has a market capitalization of $1.08 billion, a P/E ratio of 14.15 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 21st will be issued a $0.075 dividend. The ex-dividend date of this dividend is Monday, April 21st. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous dividend of $0.07.

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.