Colonial River Investments LLC Purchases 2,896 Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Colonial River Investments LLC grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 3.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 98,741 shares of the company’s stock after buying an additional 2,896 shares during the quarter. Invesco High Yield Equity Dividend Achievers ETF accounts for approximately 1.1% of Colonial River Investments LLC’s investment portfolio, making the stock its 24th largest holding. Colonial River Investments LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $2,165,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PEY. LPL Financial LLC increased its position in Invesco High Yield Equity Dividend Achievers ETF by 2.5% in the 2nd quarter. LPL Financial LLC now owns 1,927,190 shares of the company’s stock valued at $37,850,000 after acquiring an additional 46,323 shares in the last quarter. Cetera Investment Advisers raised its position in Invesco High Yield Equity Dividend Achievers ETF by 294.2% in the 1st quarter. Cetera Investment Advisers now owns 415,494 shares of the company’s stock worth $8,580,000 after purchasing an additional 310,095 shares during the last quarter. Waverly Advisors LLC lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 6.6% during the 1st quarter. Waverly Advisors LLC now owns 353,047 shares of the company’s stock worth $7,290,000 after buying an additional 21,713 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 0.7% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 250,524 shares of the company’s stock valued at $5,494,000 after buying an additional 1,767 shares during the last quarter. Finally, Provident Wealth Management LLC increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 8.7% in the 3rd quarter. Provident Wealth Management LLC now owns 206,603 shares of the company’s stock valued at $4,531,000 after buying an additional 16,551 shares during the period.

Invesco High Yield Equity Dividend Achievers ETF Stock Down 0.1 %

Shares of PEY stock opened at $22.04 on Friday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 14.21 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a 12 month low of $18.35 and a 12 month high of $22.45. The stock has a 50-day moving average price of $21.71 and a 200 day moving average price of $20.85.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were issued a $0.09 dividend. This is a positive change from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.07. This represents a $1.08 annualized dividend and a yield of 4.90%. The ex-dividend date was Monday, October 21st.

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.