Cullen Frost Bankers Inc. Raises Position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Cullen Frost Bankers Inc. increased its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 418.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,778 shares of the company’s stock after buying an additional 3,857 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 889.7% in the third quarter. Farther Finance Advisors LLC now owns 4,424 shares of the company’s stock worth $97,000 after buying an additional 3,977 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 3.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 58,755 shares of the company’s stock worth $1,288,000 after acquiring an additional 1,786 shares during the last quarter. Axxcess Wealth Management LLC lifted its position in Invesco High Yield Equity Dividend Achievers ETF by 1.8% during the 3rd quarter. Axxcess Wealth Management LLC now owns 150,630 shares of the company’s stock worth $3,303,000 after acquiring an additional 2,675 shares during the period. Colonial River Investments LLC lifted its position in Invesco High Yield Equity Dividend Achievers ETF by 3.0% during the 3rd quarter. Colonial River Investments LLC now owns 98,741 shares of the company’s stock worth $2,165,000 after acquiring an additional 2,896 shares during the period. Finally, Prospera Financial Services Inc grew its stake in Invesco High Yield Equity Dividend Achievers ETF by 2.6% during the 3rd quarter. Prospera Financial Services Inc now owns 36,814 shares of the company’s stock valued at $807,000 after purchasing an additional 932 shares during the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Stock Up 1.5 %

Shares of NASDAQ:PEY opened at $21.96 on Monday. Invesco High Yield Equity Dividend Achievers ETF has a 52-week low of $19.22 and a 52-week high of $23.22. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 15.46 and a beta of 0.87. The business has a 50-day moving average price of $21.62 and a 200-day moving average price of $21.78.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were paid a dividend of $0.0701 per share. The ex-dividend date was Monday, February 24th.

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.