Meridian Wealth Management LLC Sells 68,966 Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Meridian Wealth Management LLC lowered its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 35.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 123,478 shares of the company’s stock after selling 68,966 shares during the period. Meridian Wealth Management LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $2,625,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Founders Grove Wealth Partners LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter valued at about $4,871,000. Jones Financial Companies Lllp increased its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 113.6% in the fourth quarter. Jones Financial Companies Lllp now owns 138,066 shares of the company’s stock worth $2,935,000 after buying an additional 73,433 shares during the period. Sanctuary Advisors LLC lifted its stake 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 valued at $5,313,000 after acquiring an additional 60,693 shares during the last quarter. Apexium Financial LP purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter valued at about $1,161,000. Finally, Benjamin Edwards Inc. bought a new position in Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter worth approximately $1,157,000.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of Invesco High Yield Equity Dividend Achievers ETF stock opened at $21.97 on Tuesday. Invesco High Yield Equity Dividend Achievers ETF has a one year low of $19.22 and a one year high of $23.22. The business’s 50 day simple moving average is $21.59 and its two-hundred day simple moving average is $21.76. The stock has a market capitalization of $1.22 billion, a P/E ratio of 15.46 and a beta of 0.84.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were paid a $0.0701 dividend. The ex-dividend date was Monday, February 24th.

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.