Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Raises Dividend to $0.08 Per Share

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) announced a dividend on Monday, September 18th, NASDAQ reports. Shareholders of record on Tuesday, September 19th will be paid a dividend of 0.077 per share on Friday, September 22nd. The ex-dividend date is Monday, September 18th. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous dividend of $0.05.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

PEY stock traded down $0.16 during trading hours on Monday, reaching $19.92. The stock had a trading volume of 265,352 shares, compared to its average volume of 436,091. The stock has a market capitalization of $1.36 billion, a PE ratio of 12.49 and a beta of 0.87. The stock has a 50-day simple moving average of $20.11 and a 200 day simple moving average of $19.57. Invesco High Yield Equity Dividend Achievers ETF has a fifty-two week low of $18.12 and a fifty-two week high of $21.83.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

A number of large investors have recently added to or reduced their stakes in PEY. Citigroup Inc. bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the second quarter valued at about $32,000. Rockefeller Capital Management L.P. bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter valued at about $82,000. Geneos Wealth Management Inc. raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 81.6% in the first quarter. Geneos Wealth Management Inc. now owns 4,346 shares of the company’s stock valued at $94,000 after purchasing an additional 1,953 shares during the period. Tyler Stone Wealth Management bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the second quarter valued at about $97,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the first quarter valued at about $158,000.

Invesco High Yield Equity Dividend Achievers ETF Company 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.