Barrett & Company Inc. Acquires New Stake in Invesco High Yield Equity Dividend Achievers ETF $PEY

Barrett & Company Inc. bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 39,096 shares of the company’s stock, valued at approximately $892,000.

Several other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its holdings in Invesco High Yield Equity Dividend Achievers ETF by 1,078.4% in the first quarter. Fifth Third Bancorp now owns 76,997 shares of the company’s stock worth $1,649,000 after purchasing an additional 70,463 shares during the period. AdvisorNet Financial Inc acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at approximately $673,000. Aspire Capital Advisors LLC raised its holdings in Invesco High Yield Equity Dividend Achievers ETF by 36.6% in the 2nd quarter. Aspire Capital Advisors LLC now owns 93,653 shares of the company’s stock valued at $2,171,000 after acquiring an additional 25,087 shares during the period. Cresta Advisors Ltd. grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 12.6% in the 3rd quarter. Cresta Advisors Ltd. now owns 135,354 shares of the company’s stock valued at $3,088,000 after buying an additional 15,121 shares in the last quarter. Finally, Investors Research Corp grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 3.9% during the 3rd quarter. Investors Research Corp now owns 404,850 shares of the company’s stock worth $9,236,000 after purchasing an additional 15,117 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Invesco High Yield Equity Dividend Achievers ETF stock opened at $24.20 on Friday. The stock has a fifty day moving average of $23.92 and a 200-day moving average of $23.35. The stock has a market capitalization of $1.13 billion, a P/E ratio of 13.11 and a beta of 0.67. Invesco High Yield Equity Dividend Achievers ETF has a 52 week low of $19.58 and a 52 week high of $25.49.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a dividend of $0.0932 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.12 annualized dividend and a dividend yield of 4.6%.

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.