Harbour Investments Inc. Sells 2,563 Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Harbour Investments Inc. trimmed its stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 5.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 41,397 shares of the company’s stock after selling 2,563 shares during the quarter. Harbour Investments Inc.’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $908,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PEY. Fortitude Family Office LLC purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the third quarter worth $31,000. Fifth Third Bancorp raised its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 81.7% in the second quarter. Fifth Third Bancorp now owns 3,634 shares of the company’s stock worth $71,000 after purchasing an additional 1,634 shares during the last quarter. CWM LLC raised its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 164.6% in the second quarter. CWM LLC now owns 4,213 shares of the company’s stock worth $83,000 after purchasing an additional 2,621 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 889.7% in the third quarter. Farther Finance Advisors LLC now owns 4,424 shares of the company’s stock worth $97,000 after purchasing an additional 3,977 shares during the last quarter. Finally, Bristlecone Advisors LLC purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the second quarter worth $106,000.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Invesco High Yield Equity Dividend Achievers ETF stock opened at $22.08 on Friday. The stock has a market cap of $1.25 billion, a PE ratio of 14.21 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a one year low of $19.14 and a one year high of $22.46. The stock has a fifty day moving average of $21.75 and a 200 day moving average of $20.90.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were given a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date was Monday, October 21st. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.07.

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.