Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Shares Sold by New Insight Wealth Advisors

New Insight Wealth Advisors cut its holdings in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 8.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 175,929 shares of the company’s stock after selling 17,114 shares during the period. Invesco High Yield Equity Dividend Achievers ETF accounts for about 1.9% of New Insight Wealth Advisors’ holdings, making the stock its 15th biggest position. New Insight Wealth Advisors’ holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $3,740,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PEY. Stifel Financial Corp increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 48.2% in the third quarter. Stifel Financial Corp now owns 57,844 shares of the company’s stock worth $1,269,000 after acquiring an additional 18,823 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 3.1% during the third quarter. Janney Montgomery Scott LLC now owns 58,755 shares of the company’s stock worth $1,288,000 after purchasing an additional 1,786 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 889.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,424 shares of the company’s stock valued at $97,000 after purchasing an additional 3,977 shares in the last quarter. FMR LLC grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 8.8% during the 3rd quarter. FMR LLC now owns 21,861 shares of the company’s stock valued at $479,000 after purchasing an additional 1,765 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its stake in Invesco High Yield Equity Dividend Achievers ETF by 3.9% during the 4th quarter. Sanctuary Advisors LLC now owns 242,424 shares of the company’s stock worth $5,309,000 after buying an additional 9,073 shares during the period.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of PEY stock opened at $21.96 on Monday. The company’s fifty day moving average price is $21.62 and its two-hundred day moving average price is $21.78. The firm has a market capitalization of $1.23 billion, a P/E ratio of 15.46 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a 12 month low of $19.22 and a 12 month high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were issued a $0.0701 dividend. The ex-dividend date of this dividend was Monday, February 24th.

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.