Dynamic Advisor Solutions LLC Increases Holdings in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Dynamic Advisor Solutions LLC boosted its position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 250,524 shares of the company’s stock after buying an additional 1,767 shares during the period. Dynamic Advisor Solutions LLC owned approximately 0.44% of Invesco High Yield Equity Dividend Achievers ETF worth $5,494,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Cetera Investment Advisers raised its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 294.2% during the 1st quarter. Cetera Investment Advisers now owns 415,494 shares of the company’s stock valued at $8,580,000 after buying an additional 310,095 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the second quarter valued at approximately $3,451,000. Virtu Financial LLC lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 259.6% in the second quarter. Virtu Financial LLC now owns 174,791 shares of the company’s stock valued at $3,433,000 after acquiring an additional 126,180 shares during the period. GLOBALT Investments LLC GA purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter worth approximately $2,306,000. Finally, Axxcess Wealth Management LLC boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 182.2% in the 2nd quarter. Axxcess Wealth Management LLC now owns 147,955 shares of the company’s stock worth $2,906,000 after purchasing an additional 95,521 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

NASDAQ:PEY opened at $21.48 on Wednesday. The company has a 50 day moving average price of $21.40 and a 200-day moving average price of $20.56. Invesco High Yield Equity Dividend Achievers ETF has a 1-year low of $17.94 and a 1-year high of $22.01. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 14.21 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.074 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.89 dividend on an annualized basis and a yield of 4.13%.

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.