SageOak Financial LLC Makes New Investment in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

SageOak Financial LLC purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 37,314 shares of the company’s stock, valued at approximately $793,000. Invesco High Yield Equity Dividend Achievers ETF accounts for 0.7% of SageOak Financial LLC’s investment portfolio, making the stock its 24th largest holding. SageOak Financial LLC owned 0.07% of Invesco High Yield Equity Dividend Achievers ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter worth $25,000. ST Germain D J Co. Inc. acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter worth $32,000. Wagner Wealth Management LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter worth $39,000. US Bancorp DE lifted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 244.9% during the fourth quarter. US Bancorp DE now owns 2,014 shares of the company’s stock worth $43,000 after purchasing an additional 1,430 shares during the period. Finally, Synergy Investment Management LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter worth $68,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Down 0.3 %

PEY stock opened at $21.59 on Wednesday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 15.66 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a 12-month low of $19.22 and a 12-month high of $23.22. The company’s fifty day simple moving average is $21.66 and its 200 day simple moving average is $21.77.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were issued a $0.0701 dividend. 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.