Cambridge Investment Research Advisors Inc. Lowers Stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Cambridge Investment Research Advisors Inc. cut its position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 2.2% in the second quarter, HoldingsChannel.com reports. The firm owned 97,800 shares of the company’s stock after selling 2,168 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $1,921,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Apollon Wealth Management LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth $689,000. Spire Wealth Management increased its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 30.4% during the fourth quarter. Spire Wealth Management now owns 8,364 shares of the company’s stock valued at $169,000 after acquiring an additional 1,950 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter valued at approximately $526,000. Signature Estate & Investment Advisors LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter worth approximately $967,000. Finally, Meridian Wealth Management LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter worth approximately $3,623,000.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 0.7 %

Shares of Invesco High Yield Equity Dividend Achievers ETF stock opened at $21.80 on Tuesday. The firm’s 50 day simple moving average is $20.73 and its two-hundred day simple moving average is $20.24. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 14.21 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a 12-month low of $17.94 and a 12-month high of $21.83.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 19th were issued a dividend of $0.076 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend was Monday, August 19th.

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.