Envestnet Asset Management Inc. Has $2.47 Million Stock Holdings in Invesco High Yield Equity Dividend Achievers ETF $PEY

Envestnet Asset Management Inc. trimmed its holdings in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,125 shares of the company’s stock after selling 2,889 shares during the period. Envestnet Asset Management Inc. owned 0.23% of Invesco High Yield Equity Dividend Achievers ETF worth $2,472,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Cullen Frost Bankers Inc. boosted its holdings in 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 worth $115,000 after purchasing an additional 574 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 37.7% in the first quarter. Kestra Private Wealth Services LLC now owns 23,014 shares of the company’s stock worth $494,000 after buying an additional 6,304 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.0% during the 1st quarter. IFP Advisors Inc now owns 110,130 shares of the company’s stock worth $2,364,000 after acquiring an additional 2,112 shares in the last quarter. Millstone Evans Group LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter valued at about $33,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter valued at about $3,362,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

PEY opened at $20.18 on Monday. The firm has a market cap of $1.04 billion, a P/E ratio of 13.11 and a beta of 0.74. The business has a 50 day moving average price of $20.90 and a 200 day moving average price of $20.79. 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 Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 24th. Investors of record on Monday, October 20th were issued a dividend of $0.0953 per share. The ex-dividend date of this dividend was Monday, October 20th. This represents a c) annualized dividend and a dividend yield of 5.7%. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.09.

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.