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

Farther Finance Advisors LLC lessened its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 55.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,952 shares of the company’s stock after selling 2,472 shares during the period. Farther Finance Advisors LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $41,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. PFG Advisors grew its stake in Invesco High Yield Equity Dividend Achievers ETF by 2.7% during the 4th quarter. PFG Advisors now owns 39,550 shares of the company’s stock valued at $841,000 after acquiring an additional 1,054 shares in the last quarter. HighTower Advisors LLC grew its stake in Invesco High Yield Equity Dividend Achievers ETF by 0.6% during the 4th quarter. HighTower Advisors LLC now owns 95,983 shares of the company’s stock valued at $2,041,000 after acquiring an additional 610 shares in the last quarter. Investors Research Corp boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 7.1% in the 4th quarter. Investors Research Corp now owns 280,227 shares of the company’s stock valued at $5,958,000 after purchasing an additional 18,527 shares during the last quarter. Axis Wealth Partners LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter valued at about $1,598,000. Finally, Rialto Wealth Management LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter valued at about $25,000.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

NASDAQ:PEY opened at $21.42 on Monday. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 15.66 and a beta of 0.87. The company’s 50-day moving average is $21.70 and its two-hundred day moving average is $21.77. Invesco High Yield Equity Dividend Achievers ETF has a 1-year low of $19.22 and a 1-year high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

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

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.