Founders Grove Wealth Partners LLC Reduces Holdings in Invesco High Yield Equity Dividend Achievers ETF $PEY

Founders Grove Wealth Partners LLC lowered its position in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 222,547 shares of the company’s stock after selling 4,999 shares during the period. Invesco High Yield Equity Dividend Achievers ETF comprises about 1.1% of Founders Grove Wealth Partners LLC’s investment portfolio, making the stock its 29th biggest holding. Founders Grove Wealth Partners LLC owned approximately 0.41% of Invesco High Yield Equity Dividend Achievers ETF worth $4,542,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PEY. Cullen Frost Bankers Inc. lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 12.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 5,352 shares of the company’s stock worth $115,000 after buying an additional 574 shares during the period. AE Wealth Management LLC boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 8.5% in the first quarter. AE Wealth Management LLC now owns 7,464 shares of the company’s stock valued at $160,000 after acquiring an additional 582 shares in the last quarter. Stolper Co boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 3.2% in the second quarter. Stolper Co now owns 29,786 shares of the company’s stock valued at $608,000 after acquiring an additional 927 shares in the last quarter. Capital Analysts LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF in the first quarter valued at $27,000. Finally, Millstone Evans Group LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF in the first quarter worth about $33,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Up 1.3%

PEY opened at $20.68 on Tuesday. The stock has a market cap of $1.08 billion, a PE ratio of 13.11 and a beta of 0.87. The business has a 50 day moving average of $21.11 and a 200-day moving average of $20.63. Invesco High Yield Equity Dividend Achievers ETF has a 52 week low of $18.32 and a 52 week high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a dividend of $0.0883 per share. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Monday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 5.1%.

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.