Invesco High Yield Equity Dividend Achievers ETF $PEY Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. trimmed its stake in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 9.5% during the second quarter, Holdings Channel reports. The firm owned 140,562 shares of the company’s stock after selling 14,777 shares during the period. GHP Investment Advisors Inc.’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $2,869,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sovereign Financial Group Inc. grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 14.7% in the 2nd quarter. Sovereign Financial Group Inc. now owns 20,586 shares of the company’s stock worth $420,000 after buying an additional 2,635 shares in the last quarter. Focus Financial Network Inc. bought a new position in Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter worth approximately $234,000. AE Wealth Management LLC grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 8.5% in the 1st quarter. AE Wealth Management LLC now owns 7,464 shares of the company’s stock worth $160,000 after buying an additional 582 shares in the last quarter. Cresta Advisors Ltd. grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 10.9% in the 2nd quarter. Cresta Advisors Ltd. now owns 114,411 shares of the company’s stock worth $2,335,000 after buying an additional 11,215 shares in the last quarter. Finally, Good Steward Wealth Advisors LLC grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 200.1% in the 2nd quarter. Good Steward Wealth Advisors LLC now owns 104,939 shares of the company’s stock worth $2,142,000 after buying an additional 69,974 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of PEY stock opened at $20.66 on Monday. Invesco High Yield Equity Dividend Achievers ETF has a 12-month low of $18.32 and a 12-month high of $23.22. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 13.11 and a beta of 0.74. The business has a 50 day simple moving average of $21.10 and a 200 day simple moving average of $20.74.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 24th. Shareholders of record on Monday, October 20th were paid a dividend of $0.0953 per share. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Monday, October 20th. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.09.

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.