Waverly Advisors LLC Raises Holdings in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Waverly Advisors LLC lifted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 0.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 380,351 shares of the company’s stock after acquiring an additional 1,418 shares during the period. Waverly Advisors LLC owned approximately 0.68% of Invesco High Yield Equity Dividend Achievers ETF worth $8,086,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PEY. US Bancorp DE boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 244.9% in the fourth quarter. US Bancorp DE now owns 2,014 shares of the company’s stock valued at $43,000 after buying an additional 1,430 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 7.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,792 shares of the company’s stock valued at $506,000 after buying an additional 1,650 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 1.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 59,775 shares of the company’s stock valued at $1,271,000 after buying an additional 1,020 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 0.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 232,090 shares of the company’s stock valued at $4,934,000 after buying an additional 1,504 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 3.9% in the fourth quarter. Sanctuary Advisors LLC now owns 242,424 shares of the company’s stock valued at $5,309,000 after buying an additional 9,073 shares during the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of NASDAQ PEY opened at $20.74 on Wednesday. The business’s 50 day moving average price is $20.31 and its 200 day moving average price is $21.30. The firm has a market cap of $1.14 billion, a P/E ratio of 13.81 and a beta of 0.73. Invesco High Yield Equity Dividend Achievers ETF has a 52 week low of $18.32 and a 52 week high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 19th will be given a $0.0855 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.03 dividend on an annualized basis and a yield of 4.95%.

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.