Founders Grove Wealth Partners LLC Trims Holdings in Invesco High Yield Equity Dividend Achievers ETF $PEY

Founders Grove Wealth Partners LLC lessened its position in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 2.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 222,547 shares of the company’s stock after selling 4,999 shares during the quarter. Invesco High Yield Equity Dividend Achievers ETF comprises about 1.1% of Founders Grove Wealth Partners LLC’s investment portfolio, making the stock its 29th largest position. Founders Grove Wealth Partners LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $4,542,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PEY. AlphaCore Capital LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at about $4,001,000. JPL Wealth Management LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the first quarter valued at approximately $3,362,000. AdvisorNet Financial Inc raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 82.9% during the second quarter. AdvisorNet Financial Inc now owns 198,020 shares of the company’s stock valued at $4,042,000 after buying an additional 89,756 shares during the last quarter. Good Steward Wealth Advisors LLC raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 200.1% during the second quarter. Good Steward Wealth Advisors LLC now owns 104,939 shares of the company’s stock valued at $2,142,000 after buying an additional 69,974 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the first quarter valued at approximately $1,290,000.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of Invesco High Yield Equity Dividend Achievers ETF stock opened at $20.68 on Tuesday. The business’s fifty day moving average price is $21.11 and its two-hundred day moving average price is $20.63. The company has a market capitalization of $1.08 billion, a P/E ratio of 13.11 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a 1-year low of $18.32 and a 1-year high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a dividend of $0.0883 per share. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Monday, September 22nd.

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.