Axis Wealth Partners LLC Sells 5,843 Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Axis Wealth Partners LLC decreased its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,342 shares of the company’s stock after selling 5,843 shares during the period. Invesco High Yield Equity Dividend Achievers ETF makes up about 1.1% of Axis Wealth Partners LLC’s holdings, making the stock its 23rd largest holding. Axis Wealth Partners LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $1,489,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter worth about $13,455,000. Bank of America Corp DE increased its holdings 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 buying an additional 141,047 shares during the period. Virtu Financial LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter valued at about $1,945,000. Jones Financial Companies Lllp increased its holdings in Invesco High Yield Equity Dividend Achievers ETF by 113.6% during the 4th quarter. Jones Financial Companies Lllp now owns 138,066 shares of the company’s stock valued at $2,935,000 after purchasing an additional 73,433 shares during the period. Finally, LPL Financial LLC increased its holdings in Invesco High Yield Equity Dividend Achievers ETF by 2.4% during the 4th quarter. LPL Financial LLC now owns 1,937,371 shares of the company’s stock valued at $41,188,000 after purchasing an additional 46,018 shares during the period.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of NASDAQ:PEY opened at $21.22 on Thursday. Invesco High Yield Equity Dividend Achievers ETF has a 1 year low of $18.32 and a 1 year high of $23.22. The company has a market cap of $1.16 billion, a PE ratio of 13.11 and a beta of 0.87. The stock’s 50-day moving average is $20.28 and its 200 day moving average is $20.87.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were issued a dividend of $0.0864 per share. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.89%.

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.