AdvisorNet Financial Inc Decreases Stock Holdings in Invesco High Yield Equity Dividend Achievers ETF $PEY

AdvisorNet Financial Inc lowered its stake in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 43.8% during the first quarter, Holdings Channel.com reports. The firm owned 81,804 shares of the company’s stock after selling 63,695 shares during the quarter. AdvisorNet Financial Inc’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $1,752,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Trust Advisors LP purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the 2nd quarter worth $260,000. Raymond James Financial Inc. increased its position in Invesco High Yield Equity Dividend Achievers ETF by 1.5% during the 2nd quarter. Raymond James Financial Inc. now owns 651,911 shares of the company’s stock valued at $13,306,000 after buying an additional 9,533 shares in the last quarter. EP Wealth Advisors LLC raised its stake 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 valued at $141,000 after buying an additional 1,700 shares during the last quarter. MML Investors Services LLC raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 1.2% in the second quarter. MML Investors Services LLC now owns 67,607 shares of the company’s stock valued at $1,380,000 after buying an additional 783 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 8.2% in the second quarter. Captrust Financial Advisors now owns 84,466 shares of the company’s stock valued at $1,724,000 after buying an additional 6,406 shares during the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Stock Up 1.2%

PEY opened at $22.73 on Wednesday. Invesco High Yield Equity Dividend Achievers ETF has a 52-week low of $19.58 and a 52-week high of $23.46. The company has a market cap of $1.08 billion, a P/E ratio of 13.11 and a beta of 0.66. The firm’s 50-day moving average price is $22.33 and its 200-day moving average price is $21.63.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be issued a $0.0951 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

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