Invesco High Yield Equity Dividend Achievers ETF $PEY Stake Lessened by Founders Grove Wealth Partners LLC

Founders Grove Wealth Partners LLC cut its stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 11.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,339 shares of the company’s stock after selling 26,208 shares during the period. Invesco High Yield Equity Dividend Achievers ETF accounts for 1.0% of Founders Grove Wealth Partners LLC’s portfolio, making the stock its 29th largest position. Founders Grove Wealth Partners LLC owned approximately 0.38% of Invesco High Yield Equity Dividend Achievers ETF worth $4,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.5% in the 2nd quarter. Raymond James Financial Inc. now owns 651,911 shares of the company’s stock worth $13,306,000 after purchasing an additional 9,533 shares during the last quarter. Cetera Investment Advisers grew its stake in Invesco High Yield Equity Dividend Achievers ETF by 5.0% in the second quarter. Cetera Investment Advisers now owns 425,523 shares of the company’s stock worth $8,685,000 after purchasing an additional 20,413 shares in the last quarter. Investors Research Corp increased its holdings in Invesco High Yield Equity Dividend Achievers ETF by 4.5% in the third quarter. Investors Research Corp now owns 341,508 shares of the company’s stock valued at $7,195,000 after buying an additional 14,660 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in Invesco High Yield Equity Dividend Achievers ETF by 2.9% in the third quarter. AdvisorNet Financial Inc now owns 203,803 shares of the company’s stock valued at $4,293,000 after buying an additional 5,783 shares during the last quarter. Finally, Cresta Advisors Ltd. raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 10.9% during the second quarter. Cresta Advisors Ltd. now owns 114,411 shares of the company’s stock valued at $2,335,000 after buying an additional 11,215 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Stock Up 0.1%

NASDAQ:PEY opened at $20.57 on Friday. The company has a market cap of $1.06 billion, a PE ratio of 13.11 and a beta of 0.74. The business’s 50 day moving average is $20.51 and its two-hundred day moving average is $20.81. Invesco High Yield Equity Dividend Achievers ETF has a 52 week low of $18.32 and a 52 week high of $22.26.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a dividend of $0.0822 per share. The ex-dividend date was Monday, December 22nd. This represents a c) annualized dividend and a yield of 4.8%.

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. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.