Synergy Investment Management LLC Takes $68,000 Position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Synergy Investment Management LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,181 shares of the company’s stock, valued at approximately $68,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PEY. Stifel Financial Corp boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 48.2% in the third quarter. Stifel Financial Corp now owns 57,844 shares of the company’s stock worth $1,269,000 after acquiring an additional 18,823 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 3.1% in the third quarter. Janney Montgomery Scott LLC now owns 58,755 shares of the company’s stock worth $1,288,000 after acquiring an additional 1,786 shares during the last quarter. Farther Finance Advisors LLC boosted 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 acquiring an additional 3,977 shares during the last quarter. FMR LLC boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 8.8% in the third quarter. FMR LLC now owns 21,861 shares of the company’s stock worth $479,000 after acquiring an additional 1,765 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 3.9% in the fourth quarter. Sanctuary Advisors LLC now owns 242,424 shares of the company’s stock worth $5,309,000 after acquiring an additional 9,073 shares during the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of NASDAQ:PEY opened at $21.46 on Wednesday. The business’s 50 day moving average price is $21.60 and its 200-day moving average price is $21.77. The firm has a market capitalization of $1.20 billion, a PE ratio of 15.46 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a 1 year low of $19.22 and a 1 year high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were paid 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.