Eagle Strategies LLC Has $645,000 Holdings in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Eagle Strategies LLC reduced its position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 59.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,527 shares of the company’s stock after selling 44,947 shares during the period. Eagle Strategies LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $645,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PEY. Cetera Investment Advisers increased its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 20.0% during the 1st quarter. Cetera Investment Advisers now owns 85,942 shares of the company’s stock valued at $1,876,000 after acquiring an additional 14,334 shares during the last quarter. Mather Group LLC. bought a new stake in Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter valued at approximately $251,000. NewEdge Advisors LLC boosted its stake in Invesco High Yield Equity Dividend Achievers ETF by 28.2% during the 1st quarter. NewEdge Advisors LLC now owns 71,259 shares of the company’s stock valued at $1,556,000 after purchasing an additional 15,661 shares during the period. Equitable Holdings Inc. boosted its stake in Invesco High Yield Equity Dividend Achievers ETF by 1.4% during the 1st quarter. Equitable Holdings Inc. now owns 72,940 shares of the company’s stock valued at $1,592,000 after purchasing an additional 1,006 shares during the period. Finally, Worth Asset Management LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter valued at approximately $460,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Down 2.8 %

Shares of PEY stock traded down $0.58 during mid-day trading on Wednesday, reaching $19.86. The stock had a trading volume of 328,693 shares, compared to its average volume of 370,758. The firm’s 50 day simple moving average is $19.98 and its 200 day simple moving average is $19.82. Invesco High Yield Equity Dividend Achievers ETF has a one year low of $17.94 and a one year high of $21.50. The firm has a market cap of $1.19 billion, a PE ratio of 12.49 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were given a $0.077 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.65%. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.05.

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.