Invesco High Yield Equity Dividend Achievers ETF (PEY) To Go Ex-Dividend on October 20th

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) declared a monthly dividend on Monday, October 20th, NASDAQ Dividends reports. Stockholders of record on Monday, October 20th will be paid a dividend of 0.0953 per share on Friday, October 24th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Monday, October 20th. This is a 7.9% increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.09.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of PEY opened at $21.06 on Wednesday. The firm has a 50-day moving average of $21.15 and a 200-day moving average of $20.63. Invesco High Yield Equity Dividend Achievers ETF has a one year low of $18.32 and a one year high of $23.22. The company has a market cap of $1.09 billion, a PE ratio of 13.11 and a beta of 0.87.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Sovereign Financial Group Inc. grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 14.7% in the 2nd quarter. Sovereign Financial Group Inc. now owns 20,586 shares of the company’s stock valued at $420,000 after acquiring an additional 2,635 shares during the period. Focus Financial Network Inc. bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter valued at about $234,000. AE Wealth Management LLC grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 8.5% in the 1st quarter. AE Wealth Management LLC now owns 7,464 shares of the company’s stock valued at $160,000 after acquiring an additional 582 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 41.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 113,226 shares of the company’s stock valued at $2,431,000 after acquiring an additional 33,382 shares during the period. Finally, Revisor Wealth Management LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at about $343,000.

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.