BMO Capital Markets reaffirmed their hold rating on shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) in a research note released on Monday morning. They currently have a $9.00 price objective on the stock.

Shares of NASDAQ:PEY opened at $16.57 on Monday. Invesco High Yield Equity Dividend Achievers ETF has a 12 month low of $15.03 and a 12 month high of $18.61.

The company also recently declared a monthly dividend, which was paid on Monday, December 31st. Stockholders of record on Wednesday, December 26th were paid a dividend of $0.0666 per share. This is a positive change from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.05. The ex-dividend date was Monday, December 24th. This represents a $0.80 annualized dividend and a dividend yield of 4.82%.

Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in Invesco High Yield Equity Dividend Achievers ETF by 22.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 27,950 shares of the company’s stock valued at $491,000 after acquiring an additional 5,192 shares during the last quarter. Raymond James & Associates raised its holdings in Invesco High Yield Equity Dividend Achievers ETF by 4.2% in the 2nd quarter. Raymond James & Associates now owns 202,796 shares of the company’s stock valued at $3,569,000 after acquiring an additional 8,118 shares during the last quarter. IFP Advisors Inc raised its holdings in Invesco High Yield Equity Dividend Achievers ETF by 29.6% in the 3rd quarter. IFP Advisors Inc now owns 26,339 shares of the company’s stock valued at $473,000 after acquiring an additional 6,022 shares during the last quarter. Creative Planning acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at $465,000. Finally, Barings LLC raised its holdings in Invesco High Yield Equity Dividend Achievers ETF by 20.9% in the 3rd quarter. Barings LLC now owns 28,968 shares of the company’s stock valued at $517,000 after acquiring an additional 5,000 shares during the last quarter.

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.

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