Wealth Enhancement Advisory Services LLC Acquires 13,571 Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 51.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,148 shares of the company’s stock after acquiring an additional 13,571 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.07% of Invesco High Yield Equity Dividend Achievers ETF worth $854,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.3% in the fourth quarter. Bank of America Corp DE now owns 6,148,404 shares of the company’s stock valued at $130,715,000 after buying an additional 141,047 shares during the period. LPL Financial LLC grew its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.4% during the fourth quarter. LPL Financial LLC now owns 1,937,371 shares of the company’s stock valued at $41,188,000 after purchasing an additional 46,018 shares during the last quarter. Raymond James Financial Inc. bought a new position in Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter valued at approximately $13,455,000. Cetera Investment Advisers boosted its stake in Invesco High Yield Equity Dividend Achievers ETF by 1.5% in the fourth quarter. Cetera Investment Advisers now owns 407,172 shares of the company’s stock valued at $8,656,000 after acquiring an additional 6,083 shares during the last quarter. Finally, Waverly Advisors LLC boosted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 0.4% during the fourth quarter. Waverly Advisors LLC now owns 380,351 shares of the company’s stock worth $8,086,000 after purchasing an additional 1,418 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Stock Up 0.5%

Shares of NASDAQ PEY opened at $20.39 on Tuesday. The company’s fifty day moving average is $19.96 and its 200-day moving average is $21.11. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 13.84 and a beta of 0.73. Invesco High Yield Equity Dividend Achievers ETF has a twelve month low of $18.32 and a twelve month high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 23rd. Investors 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 5.03%.

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.