Wells Fargo & Company MN Sells 31,410 Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Wells Fargo & Company MN reduced its holdings in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,275,357 shares of the company’s stock after selling 31,410 shares during the quarter. Wells Fargo & Company MN owned about 2.28% of Invesco High Yield Equity Dividend Achievers ETF worth $27,114,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE lifted its stake in Invesco High Yield Equity Dividend Achievers ETF by 244.9% in the fourth quarter. US Bancorp DE now owns 2,014 shares of the company’s stock worth $43,000 after acquiring an additional 1,430 shares during the period. Stifel Financial Corp lifted its position in shares of 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 during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 7.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 23,792 shares of the company’s stock valued at $506,000 after purchasing an additional 1,650 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 59,775 shares of the company’s stock valued at $1,271,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 0.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 232,090 shares of the company’s stock worth $4,934,000 after buying an additional 1,504 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of PEY opened at $19.34 on Friday. The company has a 50-day simple moving average of $21.25 and a two-hundred day simple moving average of $21.63. The firm has a market capitalization of $1.07 billion, a PE ratio of 14.15 and a beta of 0.87. Invesco High Yield Equity Dividend Achievers ETF has a one year low of $18.32 and a one year high of $23.22.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.07 dividend. The ex-dividend date was Monday, March 24th.

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.