Farther Finance Advisors LLC Increases Stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Farther Finance Advisors LLC grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 889.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,424 shares of the company’s stock after buying an additional 3,977 shares during the period. Farther Finance Advisors LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $97,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in PEY. Fortitude Family Office LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF in the third quarter worth $31,000. Financial Insights Inc. increased its position in Invesco High Yield Equity Dividend Achievers ETF by 3.7% during the third quarter. Financial Insights Inc. now owns 14,100 shares of the company’s stock valued at $309,000 after acquiring an additional 500 shares during the last quarter. Capital Investment Advisors LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF during the third quarter valued at $376,000. Precedent Wealth Partners LLC increased 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 valued at $812,000 after acquiring an additional 23,276 shares during the last quarter. Finally, Provident Wealth Management LLC increased its position in Invesco High Yield Equity Dividend Achievers ETF by 8.7% in the third quarter. Provident Wealth Management LLC now owns 206,603 shares of the company’s stock worth $4,531,000 after buying an additional 16,551 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Stock Up 1.3 %

Shares of PEY opened at $22.32 on Tuesday. The business has a 50-day simple moving average of $21.72 and a two-hundred day simple moving average of $20.87. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 14.21 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a 52 week low of $18.35 and a 52 week high of $22.46.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 21st were paid a $0.09 dividend. This is a positive change from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, October 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.84%.

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.