Northwestern Mutual Wealth Management Co. Boosts Holdings in Invesco High Yield Equity Dividend Achievers ETF $PEY

Northwestern Mutual Wealth Management Co. raised its holdings in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 155.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 268,216 shares of the company’s stock after buying an additional 163,387 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco High Yield Equity Dividend Achievers ETF were worth $5,469,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PEY. Cardiff Park Advisors LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at about $26,000. Spire Wealth Management grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 700.0% in the 4th quarter. Spire Wealth Management now owns 1,720 shares of the company’s stock valued at $35,000 after buying an additional 1,505 shares during the period. JPL Wealth Management LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at about $75,000. Palisade Asset Management LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at about $82,000. Finally, Private Trust Co. NA grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 25.9% in the 4th quarter. Private Trust Co. NA now owns 5,161 shares of the company’s stock valued at $105,000 after buying an additional 1,062 shares during the period.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

PEY opened at $22.44 on Friday. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 13.11 and a beta of 0.66. The business has a 50-day moving average of $21.62 and a two-hundred day moving average of $21.23. Invesco High Yield Equity Dividend Achievers ETF has a 12 month low of $19.58 and a 12 month high of $22.57.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were paid a $0.0906 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a c) annualized dividend and a dividend yield of 4.8%. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.08.

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. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.