Investors Research Corp Boosts Holdings in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Investors Research Corp lifted its stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 280,227 shares of the company’s stock after buying an additional 18,527 shares during the period. Invesco High Yield Equity Dividend Achievers ETF makes up 1.3% of Investors Research Corp’s investment portfolio, making the stock its 15th largest holding. Investors Research Corp’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $5,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Axis Wealth Partners LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth $1,598,000. Rialto Wealth Management LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth $25,000. Raymond James Financial Inc. purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth $13,455,000. Cullen Frost Bankers Inc. grew its position in Invesco High Yield Equity Dividend Achievers ETF by 418.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 4,778 shares of the company’s stock worth $102,000 after purchasing an additional 3,857 shares during the last quarter. Finally, Atria Investments Inc grew its position in Invesco High Yield Equity Dividend Achievers ETF by 12.6% during the 4th quarter. Atria Investments Inc now owns 201,698 shares of the company’s stock worth $4,288,000 after purchasing an additional 22,511 shares during the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Shares of Invesco High Yield Equity Dividend Achievers ETF stock opened at $21.96 on Monday. Invesco High Yield Equity Dividend Achievers ETF has a 1 year low of $19.22 and a 1 year high of $23.22. The company has a market capitalization of $1.23 billion, a P/E ratio of 15.46 and a beta of 0.87. The company’s fifty day moving average is $21.62 and its two-hundred day moving average is $21.78.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

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