Axxcess Wealth Management LLC Increases Stock Position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Axxcess Wealth Management LLC raised its position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 182.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 147,955 shares of the company’s stock after acquiring an additional 95,521 shares during the quarter. Axxcess Wealth Management LLC owned approximately 0.26% of Invesco High Yield Equity Dividend Achievers ETF worth $2,906,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Virtu Financial LLC grew its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 259.6% in the second quarter. Virtu Financial LLC now owns 174,791 shares of the company’s stock worth $3,433,000 after purchasing an additional 126,180 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 6.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 150,547 shares of the company’s stock worth $2,957,000 after buying an additional 9,630 shares during the last quarter. Stolper Co increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.1% during the second quarter. Stolper Co now owns 29,077 shares of the company’s stock valued at $571,000 after buying an additional 610 shares during the period. Eagle Strategies LLC purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the second quarter valued at approximately $418,000. Finally, LPL Financial LLC raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.5% during the second quarter. LPL Financial LLC now owns 1,927,190 shares of the company’s stock valued at $37,850,000 after acquiring an additional 46,323 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Stock Down 0.1 %

Shares of PEY stock opened at $21.72 on Wednesday. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 14.21 and a beta of 0.87. The stock has a fifty day moving average of $21.12 and a 200 day moving average of $20.37. Invesco High Yield Equity Dividend Achievers ETF has a 52 week low of $17.94 and a 52 week high of $21.92.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 19th were given a $0.076 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.91 annualized dividend and a dividend yield of 4.20%.

Invesco High Yield Equity Dividend Achievers ETF Company Profile

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.