Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Declares Dividend Increase – $0.09 Per Share

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEYGet Free Report) announced a monthly dividend on Monday, May 18th, NASDAQ Dividends reports. Investors of record on Monday, May 18th will be given a dividend of 0.0906 per share on Friday, May 22nd. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, May 18th. This is a 10.7% increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.08.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 1.1%

PEY stock opened at $21.83 on Tuesday. The firm has a market cap of $1.03 billion, a P/E ratio of 13.11 and a beta of 0.66. Invesco High Yield Equity Dividend Achievers ETF has a 12-month low of $19.58 and a 12-month high of $22.57. The stock’s 50 day simple moving average is $21.55 and its 200 day simple moving average is $21.20.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PEY. Cardiff Park Advisors LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at approximately $27,000. Wealth Alliance LLC increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.0% during the 1st quarter. Wealth Alliance LLC now owns 86,798 shares of the company’s stock valued at $1,859,000 after purchasing an additional 1,696 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 6.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,010 shares of the company’s stock valued at $279,000 after purchasing an additional 798 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter valued at $115,000. Finally, Independent Financial Group LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter valued at $204,000.

About Invesco High Yield Equity Dividend Achievers ETF

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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. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.

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Dividend History for Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

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