Good Steward Wealth Advisors LLC Buys Shares of 34,965 Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Good Steward Wealth Advisors LLC purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 34,965 shares of the company’s stock, valued at approximately $751,000. Good Steward Wealth Advisors LLC owned approximately 0.06% of Invesco High Yield Equity Dividend Achievers ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PEY. Bank of America Corp DE raised its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.3% in the fourth quarter. Bank of America Corp DE now owns 6,148,404 shares of the company’s stock worth $130,715,000 after purchasing an additional 141,047 shares during the last quarter. LPL Financial LLC increased its holdings in Invesco High Yield Equity Dividend Achievers ETF by 2.4% in the 4th quarter. LPL Financial LLC now owns 1,937,371 shares of the company’s stock worth $41,188,000 after buying an additional 46,018 shares during the period. Raymond James Financial Inc. purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth approximately $13,455,000. Cetera Investment Advisers lifted its stake in Invesco High Yield Equity Dividend Achievers ETF by 1.5% during the 4th quarter. Cetera Investment Advisers now owns 407,172 shares of the company’s stock valued at $8,656,000 after acquiring an additional 6,083 shares during the period. Finally, Waverly Advisors LLC boosted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 0.4% in the 4th quarter. Waverly Advisors LLC now owns 380,351 shares of the company’s stock valued at $8,086,000 after acquiring an additional 1,418 shares during the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of Invesco High Yield Equity Dividend Achievers ETF stock opened at $20.14 on Friday. The stock has a market cap of $1.10 billion, a PE ratio of 13.84 and a beta of 0.87. The firm has a fifty day moving average price of $20.11 and a 200 day moving average price of $20.99. Invesco High Yield Equity Dividend Achievers ETF has a 1 year low of $18.32 and a 1 year high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 19th were given a dividend of $0.0855 per share. This represents a $1.03 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend was Monday, May 19th.

Invesco High Yield Equity Dividend Achievers ETF 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.