Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Shares Sold by New Insight Wealth Advisors

New Insight Wealth Advisors cut its stake in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 8.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 175,929 shares of the company’s stock after selling 17,114 shares during the quarter. Invesco High Yield Equity Dividend Achievers ETF accounts for approximately 1.9% of New Insight Wealth Advisors’ holdings, making the stock its 15th biggest position. New Insight Wealth Advisors owned approximately 0.31% of Invesco High Yield Equity Dividend Achievers ETF worth $3,740,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PEY. Rialto Wealth Management LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter valued at approximately $25,000. ST Germain D J Co. Inc. purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth $32,000. Wagner Wealth Management LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth $39,000. US Bancorp DE increased its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 244.9% in the 4th quarter. US Bancorp DE now owns 2,014 shares of the company’s stock valued at $43,000 after purchasing an additional 1,430 shares in the last quarter. Finally, Synergy Investment Management LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter valued at about $68,000.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 1.5 %

Shares of PEY opened at $21.96 on Monday. The firm’s 50-day moving average is $21.62 and its two-hundred day moving average is $21.78. The firm has a market capitalization of $1.23 billion, a P/E ratio of 15.46 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a twelve month low of $19.22 and a twelve month high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were issued a dividend of $0.0701 per share. The ex-dividend date of this dividend was Monday, February 24th.

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.