B. Riley Wealth Advisors Inc. Cuts Position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

B. Riley Wealth Advisors Inc. trimmed its stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 9.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,132 shares of the company’s stock after selling 2,381 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $520,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PEY. Synovus Financial Corp raised its holdings in Invesco High Yield Equity Dividend Achievers ETF by 17.3% in the third quarter. Synovus Financial Corp now owns 19,077 shares of the company’s stock worth $418,000 after purchasing an additional 2,816 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 35.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 233,351 shares of the company’s stock worth $5,313,000 after buying an additional 60,693 shares during the last quarter. Cresta Advisors Ltd. raised its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.6% during the 3rd quarter. Cresta Advisors Ltd. now owns 97,319 shares of the company’s stock worth $2,134,000 after acquiring an additional 1,566 shares in the last quarter. Stifel Financial Corp lifted its position in Invesco High Yield Equity Dividend Achievers ETF by 48.2% during the third quarter. Stifel Financial Corp now owns 57,844 shares of the company’s stock valued at $1,269,000 after acquiring an additional 18,823 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its stake in Invesco High Yield Equity Dividend Achievers ETF by 28.1% in the third quarter. IHT Wealth Management LLC now owns 43,978 shares of the company’s stock valued at $963,000 after acquiring an additional 9,648 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Trading Down 0.2 %

NASDAQ PEY opened at $21.10 on Friday. Invesco High Yield Equity Dividend Achievers ETF has a 12-month low of $19.22 and a 12-month high of $23.22. The firm’s fifty day simple moving average is $22.12 and its two-hundred day simple moving average is $21.28. The firm has a market capitalization of $1.19 billion, a P/E ratio of 14.21 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 18th were given a dividend of $0.0773 per share. This is a positive change from Invesco High Yield Equity Dividend Achievers ETF’s previous dividend of $0.05. The ex-dividend date was Monday, November 18th.

Invesco High Yield Equity Dividend Achievers ETF Profile

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.