Good Steward Wealth Advisors LLC Raises Position in Invesco High Yield Equity Dividend Achievers ETF $PEY

Good Steward Wealth Advisors LLC lifted its position in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 81.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 190,194 shares of the company’s stock after acquiring an additional 85,255 shares during the quarter. Invesco High Yield Equity Dividend Achievers ETF accounts for approximately 2.8% of Good Steward Wealth Advisors LLC’s portfolio, making the stock its 13th largest holding. Good Steward Wealth Advisors LLC owned about 0.37% of Invesco High Yield Equity Dividend Achievers ETF worth $4,007,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Simplex Trading LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter valued at approximately $38,000. Hurley Capital LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter valued at approximately $41,000. Caldwell Trust Co purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the second quarter valued at approximately $87,000. Cullen Frost Bankers Inc. grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 17.9% during the third quarter. Cullen Frost Bankers Inc. now owns 6,387 shares of the company’s stock worth $135,000 after acquiring an additional 969 shares during the period. Finally, EP Wealth Advisors LLC raised its position in Invesco High Yield Equity Dividend Achievers ETF by 32.7% in the second quarter. EP Wealth Advisors LLC now owns 6,896 shares of the company’s stock worth $141,000 after acquiring an additional 1,700 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Invesco High Yield Equity Dividend Achievers ETF stock opened at $21.99 on Friday. The company has a market cap of $1.08 billion, a P/E ratio of 13.11 and a beta of 0.74. Invesco High Yield Equity Dividend Achievers ETF has a one year low of $18.32 and a one year high of $22.45. The business has a fifty day moving average of $21.13 and a two-hundred day moving average of $20.94.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were issued a dividend of $0.0818 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 4.5%.

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. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.