Flow Traders U.S. LLC Reduces Position in Invesco High Yield Equity Dividend Achievers ETF $PEY

Flow Traders U.S. LLC trimmed its position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 42.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 34,463 shares of the company’s stock after selling 25,631 shares during the period. Flow Traders U.S. LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PEY. Capital Analysts LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter valued at about $27,000. Simplex Trading LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the second quarter worth about $38,000. Kovack Advisors Inc. acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the second quarter worth about $214,000. Focus Financial Network Inc. purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF in the second quarter valued at approximately $234,000. Finally, Global Retirement Partners LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter worth approximately $241,000.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 1.6%

PEY opened at $20.66 on Thursday. Invesco High Yield Equity Dividend Achievers ETF has a 12-month low of $18.32 and a 12-month high of $22.42. The firm has a 50 day moving average of $20.59 and a two-hundred day moving average of $20.78. The firm has a market capitalization of $1.06 billion, a PE ratio of 13.11 and a beta of 0.74.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 24th were issued a dividend of $0.084 per share. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, November 24th.

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.