Founders Grove Wealth Partners LLC Acquires Shares of 229,120 Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Founders Grove Wealth Partners LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 229,120 shares of the company’s stock, valued at approximately $4,871,000. Invesco High Yield Equity Dividend Achievers ETF accounts for about 1.4% of Founders Grove Wealth Partners LLC’s investment portfolio, making the stock its 25th biggest holding.

A number of other hedge funds have also added to or reduced their stakes in PEY. Sanctuary Advisors LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the 2nd quarter valued at $3,451,000. Virtu Financial LLC grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 259.6% in the 2nd quarter. Virtu Financial LLC now owns 174,791 shares of the company’s stock worth $3,433,000 after buying an additional 126,180 shares during the period. Axxcess Wealth Management LLC grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 182.2% in the 2nd quarter. Axxcess Wealth Management LLC now owns 147,955 shares of the company’s stock worth $2,906,000 after buying an additional 95,521 shares during the period. Benjamin Edwards Inc. purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter worth about $1,157,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter worth about $517,000.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

NASDAQ:PEY opened at $21.29 on Wednesday. The firm’s 50-day moving average price is $21.90 and its 200-day moving average price is $21.48. The company has a market capitalization of $1.20 billion, a PE ratio of 14.21 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a 1-year low of $19.22 and a 1-year high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a $0.083 dividend. The ex-dividend date was Monday, December 23rd. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous dividend of $0.08.

Invesco High Yield Equity Dividend Achievers ETF Company 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.