May 29, 2023 – Advisor Group Holdings Inc. has recently announced that it has increased its stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) substantially, by 50.7% in the fourth quarter of 2022, according to their latest disclosure with the Securities and Exchange Commission (SEC). The announcement is indicative of the company’s confidence in the ETF and highlights its potential for growth in the coming years.
According to reports, Advisor Group Holdings now owns roughly 0.56% of Invesco High Yield Equity Dividend Achievers ETF, worth an estimated $8,910,000 at the time of its most recent SEC filing. The fund reportedly acquired an additional 144,811 shares during the period and currently owns a total of 430,690 shares in PEY, a significant increase in comparison to previous filings.
Investors who are considering following Advisor Group Holdings’ lead can seek more information on other hedge funds that are holding PEY by visiting HoldingsChannel.com to stay updated on insider trades and the latest 13F filings for Invesco High Yield Equity Dividend Achievers ETF.
Furthermore, news has also surfaced that Invesco High Yield Equity Dividend Achievers ETF recently disclosed a monthly dividend which was paid on Friday, May 26th. Shareholders were paid a dividend of $0.0706 per share for individuals who were shareholders of record on Tuesday, May 23rd while those who held shares before or after this date did not receive the dividend payment.
Interestingly enough, this is seen as positive progress because it is reportedly a change from PEY’s previous monthly dividend amounting to $0.07 resulting in a $0.85 yearly payout based on an annualized basis and yielding up to 4.56%.
Overall these developments have undoubtedly made headlines across Wall Street indicating that Invesco High Yield Equity Dividend Achievers ETF is making great strides and has caught the eye of savvy investors like Advisor Group Holdings. As we move into the future, it remains to be seen if this trend will continue, but there’s no doubt that these recent events have been a promising sign for the company.
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Institutional Investors and Hedge Funds Show High Demand for Invesco High Yield Equity Dividend Achievers ETF
On May 29, 2023, the stock market saw a flurry of activity centered on the Invesco High Yield Equity Dividend Achievers ETF. The rise in demand for shares was driven by several institutional investors and hedge funds, all looking to take advantage of the many benefits provided by this investment vehicle.
Leading the charge was ProVise Management Group LLC, which raised its position in the fund by an impressive 9.5% during the fourth quarter. The group now owns over 112,000 shares of the company’s stock, valued at around $2.3 million. Also boosting its stake in Invesco High Yield Equity Dividend Achievers ETF was HighTower Advisors LLC, with a new investment worth $2.5 million.
Other notable increases were recorded by Raymond James Financial Services Advisors Inc., which upped its holding by 13.3%, and Raymond James & Associates, which purchased an additional 13,044 shares – a move that boosted its overall stake in Invesco High Yield Equity Dividend Achievers ETF to more than 370,000 shares.
All these activities had a direct impact on NASDAQ PEY which opened at $18.55 on Monday with a market capitalization of over $1.34 billion and a beta of 0.87. The one-year low for Invesco High Yield Equity Dividend Achievers ETF stood at $18.31 while its one-year high stood at $22.24; making it quite an attractive proposition for investors who are looking to benefit from dividend yields.
The PowerShares High Yield Equity Dividend Achiever Portfolio serves as a solid foundation for investment strategies due to its focus on dividend-paying common stocks and consistent growth in dividends; criteria used when selecting the fifty stocks that constitute Mergent Dividend Achiever 50 Index -the index upon which the Fund is based.
In conclusion, there’s no denying that Invesco High Yield Equity Dividend Achievers ETF is an investment opportunity with enormous potential. The increases in holdings seen by several institutional investors and hedge funds in recent times only serve to validate this assertion. With the hindsight of this article, we advise wise investors to conduct diligence research on this fascinating market opportunity.
