Salomon & Ludwin LLC Has $4.66 Million Stock Position in Invesco High Yield Equity Dividend Achievers ETF $PEY

Salomon & Ludwin LLC lowered its stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 3.0% during the second quarter, HoldingsChannel.com reports. The firm owned 219,659 shares of the company’s stock after selling 6,896 shares during the period. Salomon & Ludwin LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $4,661,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Sovereign Financial Group Inc. grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 14.7% during the second quarter. Sovereign Financial Group Inc. now owns 20,586 shares of the company’s stock worth $420,000 after purchasing an additional 2,635 shares during the period. Focus Financial Network Inc. acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF during the second quarter worth approximately $234,000. Farther Finance Advisors LLC raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 91.7% in the first quarter. Farther Finance Advisors LLC now owns 3,742 shares of the company’s stock valued at $80,000 after buying an additional 1,790 shares in the last quarter. AE Wealth Management LLC raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 8.5% in the first quarter. AE Wealth Management LLC now owns 7,464 shares of the company’s stock valued at $160,000 after buying an additional 582 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 41.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 113,226 shares of the company’s stock valued at $2,431,000 after buying an additional 33,382 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of NASDAQ:PEY opened at $20.92 on Friday. The company’s 50 day simple moving average is $21.14 and its 200 day simple moving average is $20.62. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.11 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a 1 year low of $18.32 and a 1 year high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.0883 per share. The ex-dividend date of this dividend was Monday, September 22nd. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%.

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.