Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Shares Sold by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. lowered its stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 13.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,638 shares of the company’s stock after selling 3,306 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $457,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PEY. Ancora Advisors LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the third quarter valued at approximately $44,000. Geneos Wealth Management Inc. lifted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 25.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,127 shares of the company’s stock valued at $66,000 after buying an additional 625 shares during the period. NBC Securities Inc. bought a new position in Invesco High Yield Equity Dividend Achievers ETF during the third quarter valued at about $85,000. EP Wealth Advisors LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF during the third quarter worth about $103,000. Finally, Spire Wealth Management raised its position in Invesco High Yield Equity Dividend Achievers ETF by 30.4% in the fourth quarter. Spire Wealth Management now owns 8,364 shares of the company’s stock worth $169,000 after acquiring an additional 1,950 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of PEY traded down $0.03 during mid-day trading on Tuesday, hitting $20.15. The company’s stock had a trading volume of 214,644 shares, compared to its average volume of 339,953. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 14.21 and a beta of 0.81. Invesco High Yield Equity Dividend Achievers ETF has a fifty-two week low of $17.94 and a fifty-two week high of $21.50. The firm has a 50-day moving average price of $19.99 and a 200 day moving average price of $19.95.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 26th. Investors of record on Tuesday, April 23rd were paid a $0.0701 dividend. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.05. This represents a $0.84 annualized dividend and a yield of 4.17%. The ex-dividend date was Monday, April 22nd.

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.