Cornerstone Planning Group LLC Has $224,000 Position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Cornerstone Planning Group LLC lessened its stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 10.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,123 shares of the company’s stock after selling 1,189 shares during the quarter. Cornerstone Planning Group LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $224,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Founders Grove Wealth Partners LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter worth $4,871,000. Sanctuary Advisors LLC raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 35.2% in the third quarter. Sanctuary Advisors LLC now owns 233,351 shares of the company’s stock valued at $5,313,000 after purchasing an additional 60,693 shares during the period. Apexium Financial LP bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter valued at about $1,161,000. Benjamin Edwards Inc. bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at about $1,157,000. Finally, SteelPeak Wealth LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter valued at about $670,000.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of PEY opened at $21.67 on Monday. The company’s 50-day moving average is $21.65 and its 200-day moving average is $21.68. Invesco High Yield Equity Dividend Achievers ETF has a fifty-two week low of $19.22 and a fifty-two week high of $23.22. The firm has a market capitalization of $1.21 billion, a PE ratio of 14.21 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, January 21st were paid a $0.0837 dividend. The ex-dividend date was Tuesday, January 21st. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous dividend of $0.08.

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.