PNC Financial Services Group Inc. Sells 1,058 Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

PNC Financial Services Group Inc. lowered its holdings in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,149 shares of the company’s stock after selling 1,058 shares during the period. PNC Financial Services Group Inc.’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. ST Germain D J Co. Inc. bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter valued at about $32,000. Wagner Wealth Management LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter valued at about $39,000. US Bancorp DE grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 244.9% in the 4th quarter. US Bancorp DE now owns 2,014 shares of the company’s stock valued at $43,000 after acquiring an additional 1,430 shares during the period. Synergy Investment Management LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter valued at about $68,000. Finally, Cullen Frost Bankers Inc. grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 418.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 4,778 shares of the company’s stock valued at $102,000 after acquiring an additional 3,857 shares during the period.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of PEY opened at $21.42 on Friday. The firm has a 50-day moving average of $21.70 and a 200-day moving average of $21.77. Invesco High Yield Equity Dividend Achievers ETF has a one year low of $19.22 and a one year high of $23.22. The company has a market cap of $1.20 billion, a PE ratio of 15.66 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were issued a dividend of $0.0701 per share. The ex-dividend date of this dividend was Monday, February 24th.

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.