Bank of America Corp DE Cuts Stock Holdings in Invesco High Yield Equity Dividend Achievers ETF $PEY

Bank of America Corp DE decreased its position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 7.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,546,989 shares of the company’s stock after selling 351,671 shares during the quarter. Bank of America Corp DE owned approximately 9.61% of Invesco High Yield Equity Dividend Achievers ETF worth $97,388,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Good Steward Wealth Advisors LLC grew its position in Invesco High Yield Equity Dividend Achievers ETF by 15.0% in the 4th quarter. Good Steward Wealth Advisors LLC now owns 218,798 shares of the company’s stock worth $4,460,000 after purchasing an additional 28,604 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Invesco High Yield Equity Dividend Achievers ETF by 155.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 268,216 shares of the company’s stock valued at $5,469,000 after buying an additional 163,387 shares during the last quarter. Virtu Financial LLC lifted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 402.6% during the 4th quarter. Virtu Financial LLC now owns 84,130 shares of the company’s stock worth $1,715,000 after buying an additional 67,392 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 1,078.4% during the 1st quarter. Fifth Third Bancorp now owns 76,997 shares of the company’s stock worth $1,649,000 after buying an additional 70,463 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 67.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 10,710 shares of the company’s stock worth $218,000 after buying an additional 4,323 shares during the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Stock Up 0.9%

PEY stock opened at $24.96 on Friday. The firm has a market cap of $1.17 billion, a PE ratio of 13.11 and a beta of 0.65. The business has a 50 day moving average of $23.64 and a 200-day moving average of $22.38. Invesco High Yield Equity Dividend Achievers ETF has a 12-month low of $19.58 and a 12-month high of $25.06.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were given a $0.0971 dividend. The ex-dividend date of this dividend was Monday, July 20th.

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