MML Investors Services LLC Sells 18,177 Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

MML Investors Services LLC lowered its stake in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 19.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,393 shares of the company’s stock after selling 18,177 shares during the period. MML Investors Services LLC owned 0.13% of Invesco High Yield Equity Dividend Achievers ETF worth $1,653,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at $31,000. Fifth Third Bancorp raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 81.7% in the 2nd quarter. Fifth Third Bancorp now owns 3,634 shares of the company’s stock valued at $71,000 after acquiring an additional 1,634 shares during the period. Farther Finance Advisors LLC raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 889.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,424 shares of the company’s stock valued at $97,000 after acquiring an additional 3,977 shares during the period. Bristlecone Advisors LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter valued at $106,000. Finally, Precedent Wealth Partners LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter valued at $270,000.

Invesco High Yield Equity Dividend Achievers ETF Trading Down 0.8 %

PEY opened at $21.81 on Wednesday. Invesco High Yield Equity Dividend Achievers ETF has a 1-year low of $19.22 and a 1-year high of $23.22. The stock’s fifty day simple moving average is $22.14 and its 200 day simple moving average is $21.27. The stock has a market cap of $1.23 billion, a PE ratio of 14.21 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

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

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.