First PREMIER Bank Cuts Stock Position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

First PREMIER Bank cut its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 3.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,420 shares of the company’s stock after selling 1,532 shares during the period. First PREMIER Bank owned about 0.07% of Invesco High Yield Equity Dividend Achievers ETF worth $908,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Chilton Capital Management LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF during the first quarter worth about $31,000. Fifth Third Bancorp increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 81.7% during the second quarter. Fifth Third Bancorp now owns 3,634 shares of the company’s stock worth $71,000 after buying an additional 1,634 shares during the period. CWM LLC increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 164.6% during the second quarter. CWM LLC now owns 4,213 shares of the company’s stock worth $83,000 after buying an additional 2,621 shares during the period. Bristlecone Advisors LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the second quarter worth approximately $106,000. Finally, Chicago Partners Investment Group LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter worth approximately $244,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

PEY stock opened at $21.49 on Wednesday. The company’s 50 day moving average price is $21.40 and its 200 day moving average price is $20.56. Invesco High Yield Equity Dividend Achievers ETF has a fifty-two week low of $17.94 and a fifty-two week high of $22.01. The firm has a market capitalization 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 announced a monthly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.074 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.13%.

About Invesco High Yield Equity Dividend Achievers ETF

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.