Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Shares Acquired by Novare Capital Management LLC

Novare Capital Management LLC lifted its stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 14.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,735 shares of the company’s stock after purchasing an additional 1,500 shares during the period. Novare Capital Management LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PEY. Founders Grove Wealth Partners LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter valued at $4,871,000. Sanctuary Advisors LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter valued at about $3,451,000. Benjamin Edwards Inc. purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at about $1,157,000. International Assets Investment Management LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter worth about $517,000. Finally, Precedent Wealth Partners LLC raised its position in Invesco High Yield Equity Dividend Achievers ETF by 169.4% during the third quarter. Precedent Wealth Partners LLC now owns 37,018 shares of the company’s stock worth $812,000 after acquiring an additional 23,276 shares during the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

PEY stock opened at $21.78 on Monday. The company’s 50 day simple moving average is $21.83 and its 200-day simple moving average is $21.61. Invesco High Yield Equity Dividend Achievers ETF has a 12 month low of $19.22 and a 12 month high of $23.22. The firm has a market capitalization of $1.22 billion, a PE ratio of 14.21 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 21st were issued a dividend of $0.0837 per share. The ex-dividend date was Tuesday, January 21st. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous dividend of $0.08.

Invesco High Yield Equity Dividend Achievers ETF 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.