Janney Montgomery Scott LLC Grows Stock Holdings in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Janney Montgomery Scott LLC boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 1.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 59,775 shares of the company’s stock after purchasing an additional 1,020 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $1,271,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PEY. Stifel Financial Corp lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 48.2% in the 3rd quarter. Stifel Financial Corp now owns 57,844 shares of the company’s stock worth $1,269,000 after purchasing an additional 18,823 shares in the last quarter. Farther Finance Advisors LLC raised 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 valued at $97,000 after buying an additional 3,977 shares during the last quarter. FMR LLC lifted its holdings 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 buying an additional 1,765 shares in the last quarter. Meridian Wealth Management LLC boosted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 7.2% during the third quarter. Meridian Wealth Management LLC now owns 192,444 shares of the company’s stock worth $4,220,000 after acquiring an additional 12,965 shares during the last quarter. Finally, Prospera Financial Services Inc grew its stake in Invesco High Yield Equity Dividend Achievers ETF by 2.6% during the third quarter. Prospera Financial Services Inc now owns 36,814 shares of the company’s stock valued at $807,000 after acquiring an additional 932 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of PEY opened at $21.67 on Wednesday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 14.21 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. The business’s 50 day simple moving average is $21.73 and its 200-day simple moving average is $21.66.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, January 21st were paid a dividend of $0.0837 per share. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous dividend of $0.08. The ex-dividend date of this dividend was Tuesday, January 21st.

Invesco High Yield Equity Dividend Achievers ETF Company 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.