Harbour Investments Inc. Lowers Position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Harbour Investments Inc. reduced its position in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 11.8% in the 4th quarter, HoldingsChannel reports. The firm owned 36,493 shares of the company’s stock after selling 4,904 shares during the period. Harbour Investments Inc.’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $776,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. RFG Advisory LLC grew its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.3% during the 4th quarter. RFG Advisory LLC now owns 36,500 shares of the company’s stock worth $776,000 after purchasing an additional 474 shares during the period. HighTower Advisors LLC grew its position in Invesco High Yield Equity Dividend Achievers ETF by 0.6% during the fourth quarter. HighTower Advisors LLC now owns 95,983 shares of the company’s stock worth $2,041,000 after buying an additional 610 shares during the period. Avantax Advisory Services Inc. increased its holdings in Invesco High Yield Equity Dividend Achievers ETF by 0.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 112,345 shares of the company’s stock valued at $2,388,000 after buying an additional 632 shares in the last quarter. Truist Financial Corp lifted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.7% during the 4th quarter. Truist Financial Corp now owns 23,973 shares of the company’s stock valued at $510,000 after acquiring an additional 634 shares during the period. Finally, Colonial River Investments LLC lifted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 0.7% during the 4th quarter. Colonial River Investments LLC now owns 99,448 shares of the company’s stock valued at $2,114,000 after acquiring an additional 707 shares during the period.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

PEY opened at $21.67 on Thursday. Invesco High Yield Equity Dividend Achievers ETF has a 1-year low of $19.22 and a 1-year high of $23.22. The stock has a market cap of $1.21 billion, a P/E ratio of 15.66 and a beta of 0.87. The stock’s 50 day simple moving average is $21.67 and its 200 day simple moving average is $21.77.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were issued a $0.0701 dividend. The ex-dividend date of this dividend was Monday, February 24th.

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.