Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Upgraded by TD Securities to Hold

TD Securities upgraded shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) to a hold rating in a research report sent to investors on Tuesday morning, Stock Target Advisor reports.

Separately, Stifel Nicolaus upgraded Invesco High Yield Equity Dividend Achievers ETF to a buy rating and set a $5.00 price objective for the company in a research report on Wednesday, May 13th.

NASDAQ PEY opened at $14.22 on Tuesday. The stock has a 50-day moving average of $14.34 and a 200 day moving average of $15.98. Invesco High Yield Equity Dividend Achievers ETF has a twelve month low of $10.97 and a twelve month high of $19.34.

The business also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.72 annualized dividend and a dividend yield of 5.06%.

A number of hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG increased its stake in Invesco High Yield Equity Dividend Achievers ETF by 42,807.7% during the 1st quarter. Deutsche Bank AG now owns 5,578 shares of the company’s stock worth $72,000 after buying an additional 5,565 shares in the last quarter. Harwood Advisory Group LLC purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the first quarter valued at approximately $83,000. Capital Investment Advisory Services LLC boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 106.7% in the first quarter. Capital Investment Advisory Services LLC now owns 6,614 shares of the company’s stock worth $86,000 after acquiring an additional 3,414 shares during the last quarter. RMR Wealth Builders purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter worth approximately $111,000. Finally, Meeder Asset Management Inc. increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 563.1% during the fourth quarter. Meeder Asset Management Inc. now owns 8,076 shares of the company’s stock worth $153,000 after purchasing an additional 6,858 shares in the last quarter.

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.

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