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

Sovereign Financial Group Inc. lessened its stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 2.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 21,113 shares of the company’s stock after selling 525 shares during the period. Sovereign Financial Group Inc.’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $436,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter valued at approximately $11,125,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter valued at $4,997,000. Meridian Wealth Management LLC purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth $3,623,000. JPL Wealth Management LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth about $2,340,000. Finally, GLOBALT Investments LLC GA purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter valued at about $2,306,000.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

NASDAQ PEY opened at $19.45 on Friday. The stock has a market capitalization of $1.15 billion, a P/E ratio of 14.21 and a beta of 0.87. The firm’s 50-day moving average is $20.00 and its two-hundred day moving average is $20.17. Invesco High Yield Equity Dividend Achievers ETF has a 12 month low of $17.94 and a 12 month high of $21.50.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 24th will be issued a $0.0715 dividend. The ex-dividend date is Monday, June 24th. This represents a $0.86 annualized dividend and a dividend yield of 4.41%.

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.