Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Stake Boosted by Synovus Financial Corp

Synovus Financial Corp increased its stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 17.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,077 shares of the company’s stock after purchasing an additional 2,816 shares during the period. Synovus Financial Corp’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $418,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PEY. Fortitude Family Office LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at about $31,000. Fifth Third Bancorp boosted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 81.7% during the second quarter. Fifth Third Bancorp now owns 3,634 shares of the company’s stock worth $71,000 after buying an additional 1,634 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 889.7% during the third quarter. Farther Finance Advisors LLC now owns 4,424 shares of the company’s stock worth $97,000 after buying an additional 3,977 shares during the period. Bristlecone Advisors LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter worth approximately $106,000. Finally, Financial Insights Inc. increased its position in Invesco High Yield Equity Dividend Achievers ETF by 3.7% in the 3rd quarter. Financial Insights Inc. now owns 14,100 shares of the company’s stock valued at $309,000 after acquiring an additional 500 shares during the period.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Shares of PEY stock opened at $21.14 on Thursday. Invesco High Yield Equity Dividend Achievers ETF has a 1 year low of $19.22 and a 1 year high of $23.22. The firm has a market capitalization of $1.19 billion, a PE ratio of 14.21 and a beta of 0.87. The stock has a fifty day moving average of $22.14 and a two-hundred day moving average of $21.28.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 18th were issued a $0.0773 dividend. The ex-dividend date was Monday, November 18th. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous dividend of $0.05.

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.