Planning Capital Management Corp Sells 607 Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Planning Capital Management Corp reduced its position in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 10.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,076 shares of the company’s stock after selling 607 shares during the quarter. Planning Capital Management Corp’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PEY. Waverly Advisors LLC increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 6.6% in the 1st quarter. Waverly Advisors LLC now owns 353,047 shares of the company’s stock valued at $7,290,000 after acquiring an additional 21,713 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 13.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 27,027 shares of the company’s stock valued at $519,000 after acquiring an additional 3,191 shares during the last quarter. Atria Investments Inc increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.9% in the 1st quarter. Atria Investments Inc now owns 168,441 shares of the company’s stock valued at $3,478,000 after acquiring an additional 3,143 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 294.2% in the 1st quarter. Cetera Investment Advisers now owns 415,494 shares of the company’s stock valued at $8,580,000 after purchasing an additional 310,095 shares during the period. Finally, Cetera Advisors LLC grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 256.4% in the 1st quarter. Cetera Advisors LLC now owns 68,107 shares of the company’s stock valued at $1,406,000 after purchasing an additional 48,998 shares during the period.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Shares of PEY opened at $22.18 on Thursday. The stock has a 50 day simple moving average of $21.74 and a 200 day simple moving average of $20.90. Invesco High Yield Equity Dividend Achievers ETF has a 52-week low of $18.79 and a 52-week high of $22.46. The firm has a market capitalization of $1.25 billion, a PE ratio of 14.21 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were given a $0.09 dividend. The ex-dividend date was Monday, October 21st. This is a positive change from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.07. This represents a $1.08 annualized dividend and a dividend yield of 4.87%.

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.