Precedent Wealth Partners LLC Sells 12,441 Shares of Invesco High Yield Equity Dividend Achievers ETF $PEY

Precedent Wealth Partners LLC reduced its position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 34.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,963 shares of the company’s stock after selling 12,441 shares during the quarter. Precedent Wealth Partners LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $489,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Capital Analysts LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at $27,000. Millstone Evans Group LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at $33,000. Farther Finance Advisors LLC boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 91.7% in the 1st quarter. Farther Finance Advisors LLC now owns 3,742 shares of the company’s stock valued at $80,000 after purchasing an additional 1,790 shares during the last quarter. NBC Securities Inc. boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 104,625.0% in the 1st quarter. NBC Securities Inc. now owns 4,189 shares of the company’s stock valued at $89,000 after purchasing an additional 4,185 shares during the last quarter. Finally, Private Trust Co. NA boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 86.1% in the 1st quarter. Private Trust Co. NA now owns 4,250 shares of the company’s stock valued at $91,000 after purchasing an additional 1,966 shares during the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

NASDAQ:PEY opened at $21.33 on Friday. The firm’s fifty day moving average is $21.08 and its 200-day moving average is $20.66. Invesco High Yield Equity Dividend Achievers ETF has a 52 week low of $18.32 and a 52 week high of $23.22. The firm has a market cap of $1.12 billion, a P/E ratio of 13.11 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The business also recently announced 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 a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Monday, September 22nd.

Invesco High Yield Equity Dividend Achievers ETF Company 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.