Janney Montgomery Scott LLC Decreases Stock Holdings in Invesco High Yield Equity Dividend Achievers ETF $PEY

Janney Montgomery Scott LLC reduced its stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,835 shares of the company’s stock after selling 1,952 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.11% of Invesco High Yield Equity Dividend Achievers ETF worth $1,180,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Analysts LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the first quarter valued at about $27,000. Millstone Evans Group LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the first quarter valued at about $33,000. Farther Finance Advisors LLC grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 91.7% in the first quarter. Farther Finance Advisors LLC now owns 3,742 shares of the company’s stock valued at $80,000 after purchasing an additional 1,790 shares during the period. Private Trust Co. NA grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 86.1% in the first quarter. Private Trust Co. NA now owns 4,250 shares of the company’s stock valued at $91,000 after purchasing an additional 1,966 shares during the period. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 12.0% in the first quarter. Cullen Frost Bankers Inc. now owns 5,352 shares of the company’s stock valued at $115,000 after purchasing an additional 574 shares during the period.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 1.3%

Shares of PEY opened at $20.68 on Tuesday. Invesco High Yield Equity Dividend Achievers ETF has a 12-month low of $18.32 and a 12-month high of $23.22. The firm has a 50-day moving average price of $21.11 and a 200 day moving average price of $20.63. The firm has a market capitalization of $1.08 billion, a P/E ratio of 13.11 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.0883 per share. The ex-dividend date was Monday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.08.

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.