Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Earns Average Rating from Canaccord Genuity

Canaccord Genuity reissued their average rating on shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) in a research report report published on Tuesday, AnalystRatings.com reports. The firm currently has a $7.00 price target on the stock.

NASDAQ PEY opened at $18.43 on Tuesday. Invesco High Yield Equity Dividend Achievers ETF has a fifty-two week low of $15.03 and a fifty-two week high of $18.43. The stock has a 50 day simple moving average of $17.92.

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 25th were issued a $0.054 dividend. This represents a $0.65 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Monday, June 24th.



Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its position in Invesco High Yield Equity Dividend Achievers ETF by 3.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 34,256 shares of the company’s stock valued at $543,000 after acquiring an additional 1,297 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 24.4% in the fourth quarter. Bessemer Group Inc. now owns 24,878 shares of the company’s stock valued at $395,000 after purchasing an additional 4,878 shares during the period. Madrona Financial Services LLC raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 13.3% in the fourth quarter. Madrona Financial Services LLC now owns 50,620 shares of the company’s stock valued at $802,000 after purchasing an additional 5,925 shares during the period. Two Sigma Securities LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter valued at approximately $334,000. Finally, MML Investors Services LLC raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 26.3% in the fourth quarter. MML Investors Services LLC now owns 97,778 shares of the company’s stock valued at $1,549,000 after purchasing an additional 20,367 shares during the period.

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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