Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Stock Rating Upgraded by TD Securities

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TD Securities upgraded shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) to a hold rating in a research report sent to investors on Tuesday, Stock Target Advisor reports.

Separately, Stifel Nicolaus upgraded shares of Invesco High Yield Equity Dividend Achievers ETF to a buy rating and set a $5.00 price objective for the company in a research note on Wednesday, May 13th.

Shares of PEY stock opened at $14.22 on Tuesday. Invesco High Yield Equity Dividend Achievers ETF has a 1-year low of $10.97 and a 1-year high of $19.34. The business’s fifty day moving average price is $14.34 and its 200 day moving average price is $15.98.

The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.06 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.72 annualized dividend and a yield of 5.06%.

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 4.8% in the first quarter. Royal Bank of Canada now owns 90,197 shares of the company’s stock valued at $1,169,000 after purchasing an additional 4,134 shares during the last quarter. Morgan Stanley boosted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 8.9% in the 1st quarter. Morgan Stanley now owns 1,970,778 shares of the company’s stock worth $25,522,000 after buying an additional 160,438 shares in the last quarter. Advisor Group Holdings Inc. acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at about $2,648,000. Beacon Pointe Advisors LLC increased its holdings in Invesco High Yield Equity Dividend Achievers ETF by 106.6% during the 1st quarter. Beacon Pointe Advisors LLC now owns 85,617 shares of the company’s stock valued at $1,108,000 after acquiring an additional 44,177 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Invesco High Yield Equity Dividend Achievers ETF by 196.9% during the first quarter. Tower Research Capital LLC TRC now owns 48,798 shares of the company’s stock worth $632,000 after acquiring an additional 32,364 shares during the last quarter.

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.

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