Atria Wealth Solutions Inc. Increases Stock Position in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Atria Wealth Solutions Inc. lifted its position in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEYFree Report) by 2.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,419 shares of the company’s stock after buying an additional 1,430 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $1,198,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PEY. Morgan Stanley increased its position in Invesco High Yield Equity Dividend Achievers ETF by 15.1% during the 4th quarter. Morgan Stanley now owns 3,232,314 shares of the company’s stock worth $66,877,000 after purchasing an additional 423,889 shares in the last quarter. Ameriprise Financial Inc. increased its position in Invesco High Yield Equity Dividend Achievers ETF by 25.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,867,602 shares of the company’s stock worth $37,214,000 after purchasing an additional 373,982 shares in the last quarter. United Capital Financial Advisers LLC increased its position in Invesco High Yield Equity Dividend Achievers ETF by 1.1% during the 2nd quarter. United Capital Financial Advisers LLC now owns 1,434,073 shares of the company’s stock worth $27,563,000 after purchasing an additional 14,955 shares in the last quarter. Wells Fargo & Company MN increased its position in Invesco High Yield Equity Dividend Achievers ETF by 28.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,393,795 shares of the company’s stock worth $26,789,000 after purchasing an additional 312,197 shares in the last quarter. Finally, UBS Group AG increased its position in Invesco High Yield Equity Dividend Achievers ETF by 4.8% during the 1st quarter. UBS Group AG now owns 900,350 shares of the company’s stock worth $17,935,000 after purchasing an additional 41,613 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

PEY opened at $20.14 on Tuesday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 12.49 and a beta of 0.87. The business has a 50-day moving average of $20.59 and a two-hundred day moving average of $19.88. Invesco High Yield Equity Dividend Achievers ETF has a 12 month low of $17.94 and a 12 month high of $21.50.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 26th. Shareholders of record on Tuesday, January 23rd were issued a $0.0843 dividend. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.05. The ex-dividend date was Monday, January 22nd. This represents a $1.01 annualized dividend and a yield of 5.02%.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lifted their price target on Invesco High Yield Equity Dividend Achievers ETF from $13.50 to $16.00 and gave the company a “market perform” rating in a report on Wednesday, October 18th.

Read Our Latest Research Report on Invesco High Yield Equity Dividend Achievers ETF

Invesco High Yield Equity Dividend Achievers ETF Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

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