Axxcess Wealth Management LLC Increases Stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Axxcess Wealth Management LLC increased its holdings in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,213 shares of the company’s stock after acquiring an additional 583 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $3,215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PEY. Stifel Financial Corp boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 48.2% during the 3rd quarter. Stifel Financial Corp now owns 57,844 shares of the company’s stock valued at $1,269,000 after acquiring an additional 18,823 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 7.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,792 shares of the company’s stock valued at $506,000 after purchasing an additional 1,650 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Invesco High Yield Equity Dividend Achievers ETF by 1.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 59,775 shares of the company’s stock valued at $1,271,000 after purchasing an additional 1,020 shares during the last quarter. FMR LLC raised its holdings in Invesco High Yield Equity Dividend Achievers ETF by 8.8% in the third quarter. FMR LLC now owns 21,861 shares of the company’s stock worth $479,000 after purchasing an additional 1,765 shares in the last quarter. Finally, Meridian Wealth Management LLC lifted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 7.2% during the third quarter. Meridian Wealth Management LLC now owns 192,444 shares of the company’s stock valued at $4,220,000 after buying an additional 12,965 shares during the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Stock Down 0.3 %

Shares of Invesco High Yield Equity Dividend Achievers ETF stock opened at $21.59 on Wednesday. Invesco High Yield Equity Dividend Achievers ETF has a 52-week low of $19.22 and a 52-week high of $23.22. The firm’s 50 day moving average price is $21.66 and its 200-day moving average price is $21.77. The company has a market cap of $1.20 billion, a P/E ratio of 15.66 and a beta of 0.84.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were given a dividend of $0.0701 per share. The ex-dividend date of this dividend was Monday, February 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.