New Insight Wealth Advisors Cuts Stock Holdings in Invesco High Yield Equity Dividend Achievers ETF $PEY

New Insight Wealth Advisors cut its stake in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 63.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,686 shares of the company’s stock after selling 88,932 shares during the quarter. New Insight Wealth Advisors owned 0.10% of Invesco High Yield Equity Dividend Achievers ETF worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Simplex Trading LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 2nd quarter valued at $38,000. Hurley Capital LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF during the second quarter valued at about $41,000. Caldwell Trust Co bought a new stake in Invesco High Yield Equity Dividend Achievers ETF during the second quarter worth about $87,000. EP Wealth Advisors LLC boosted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 32.7% in the 2nd quarter. EP Wealth Advisors LLC now owns 6,896 shares of the company’s stock worth $141,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Kovack Advisors Inc. bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 2nd quarter valued at about $214,000.

Invesco High Yield Equity Dividend Achievers ETF Trading Down 0.6%

Shares of NASDAQ PEY opened at $21.48 on Friday. The stock’s 50-day moving average is $20.56 and its 200 day moving average is $20.87. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 13.11 and a beta of 0.74. Invesco High Yield Equity Dividend Achievers ETF has a 1-year low of $18.32 and a 1-year high of $22.26.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $0.0822 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 4.6%.

Invesco High Yield Equity Dividend Achievers ETF 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. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.