AdvisorNet Financial Inc Has $1.68 Million Position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

AdvisorNet Financial Inc increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 14.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,860 shares of the company’s stock after purchasing an additional 9,816 shares during the quarter. AdvisorNet Financial Inc’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $1,677,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PEY. Fortitude Family Office LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at about $31,000. ST Germain D J Co. Inc. bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter valued at about $32,000. Farther Finance Advisors LLC increased its position in Invesco High Yield Equity Dividend Achievers ETF by 889.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,424 shares of the company’s stock valued at $97,000 after purchasing an additional 3,977 shares during the period. Financial Insights Inc. lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 3.7% in the third quarter. Financial Insights Inc. now owns 14,100 shares of the company’s stock valued at $309,000 after buying an additional 500 shares during the period. Finally, Capital Investment Advisors LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at about $376,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Shares of NASDAQ:PEY opened at $21.29 on Wednesday. Invesco High Yield Equity Dividend Achievers ETF has a 52-week low of $19.22 and a 52-week high of $23.22. The business’s 50 day simple moving average is $21.90 and its two-hundred day simple moving average is $21.48. The firm has a market cap of $1.20 billion, a P/E ratio of 14.21 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.083 per share. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous dividend of $0.08. The ex-dividend date of this dividend was Monday, December 23rd.

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.