Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Shares Bought by Pasadena Private Wealth LLC

Pasadena Private Wealth LLC boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 17.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,462 shares of the company’s stock after purchasing an additional 4,121 shares during the quarter. Pasadena Private Wealth LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PEY. Ancora Advisors LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF during the third quarter valued at about $44,000. ICA Group Wealth Management LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter valued at about $59,000. Geneos Wealth Management Inc. grew its position in Invesco High Yield Equity Dividend Achievers ETF by 25.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,127 shares of the company’s stock valued at $66,000 after acquiring an additional 625 shares during the period. EP Wealth Advisors LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF during the third quarter valued at about $103,000. Finally, Spire Wealth Management grew its position in Invesco High Yield Equity Dividend Achievers ETF by 30.4% during the fourth quarter. Spire Wealth Management now owns 8,364 shares of the company’s stock valued at $169,000 after acquiring an additional 1,950 shares during the period.

Invesco High Yield Equity Dividend Achievers ETF Stock Up 0.8 %

Shares of NASDAQ PEY traded up $0.16 on Friday, hitting $19.61. The company had a trading volume of 61,013 shares, compared to its average volume of 298,295. Invesco High Yield Equity Dividend Achievers ETF has a 12-month low of $17.94 and a 12-month high of $21.50. The business has a 50 day moving average of $20.00 and a two-hundred day moving average of $20.17. The firm has a market capitalization of $1.16 billion, a P/E ratio of 14.21 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 24th will be issued a $0.0715 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Monday, June 24th.

About Invesco High Yield Equity Dividend Achievers ETF

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.