HighTower Advisors LLC Lowers Holdings in Invesco High Yield Equity Dividend Achievers ETF $PEY

HighTower Advisors LLC lowered its position in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 0.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 95,237 shares of the company’s stock after selling 746 shares during the quarter. HighTower Advisors LLC owned about 0.17% of Invesco High Yield Equity Dividend Achievers ETF worth $2,045,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.3% during the 4th quarter. Bank of America Corp DE now owns 6,148,404 shares of the company’s stock worth $130,715,000 after purchasing an additional 141,047 shares during the period. Cetera Investment Advisers grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.5% during the 4th quarter. Cetera Investment Advisers now owns 407,172 shares of the company’s stock worth $8,656,000 after purchasing an additional 6,083 shares during the period. Waverly Advisors LLC grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 0.4% during the 4th 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 during the period. Investors Research Corp grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 9.1% during the 1st quarter. Investors Research Corp now owns 305,727 shares of the company’s stock worth $6,564,000 after purchasing an additional 25,500 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 7.9% during the 4th quarter. Ameriprise Financial Inc. now owns 222,153 shares of the company’s stock worth $4,703,000 after purchasing an additional 16,220 shares during the period.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Invesco High Yield Equity Dividend Achievers ETF stock opened at $21.70 on Friday. The stock’s 50 day moving average price is $20.88 and its 200 day moving average price is $20.76. The firm has a market capitalization of $1.16 billion, a PE ratio of 13.11 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a one year low of $18.32 and a one year high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 18th were given a dividend of $0.0809 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a c) annualized dividend and a yield of 4.5%.

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.