Ameriprise Financial Inc. Acquires 16,220 Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Ameriprise Financial Inc. raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 222,153 shares of the company’s stock after buying an additional 16,220 shares during the period. Ameriprise Financial Inc. owned about 0.40% of Invesco High Yield Equity Dividend Achievers ETF worth $4,703,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter valued at $13,455,000. Virtu Financial LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth approximately $1,945,000. Axis Wealth Partners LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter valued at about $1,598,000. Jones Financial Companies Lllp boosted 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 valued at $2,935,000 after purchasing an additional 73,433 shares during the period. Finally, Apexium Financial LP acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter worth about $1,161,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Shares of NASDAQ PEY opened at $20.12 on Monday. The stock’s fifty day moving average is $20.23 and its 200 day moving average is $21.26. The stock has a market capitalization of $1.10 billion, a P/E ratio of 13.81 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a 52 week low of $18.32 and a 52 week high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 19th were issued a dividend of $0.0855 per share. The ex-dividend date was Monday, May 19th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 5.10%.

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.