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Benjamin F. Edwards & Company Inc. invested $525,000 in the Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Benjamin F. Edwards & Company Inc. invested $525,000 in the Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

Benjamin F. Edwards & Company Inc. increased its holdings in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ: PEY) by 21.7% during the third quarter, as stated in the most recent SEC filing made by the company. Following the acquisition of a further 5,031 shares during the period under review, the total number of shares held by the Fund in the company above now stands at 28,264. Benjamin F. Edwards & Company Inc. had an ownership stake in the Invesco High Yield Equity Dividend Achievers ETF worth $525,000 at the end of the most recent fiscal quarter.

Recent transactions have resulted in several institutional investors and other hedge funds modifying the amount of the company’s stock that they currently hold in their portfolios. During the second quarter, Venture Visionary Partners LLC paid approximately $35,000 to purchase a new position in the Invesco High Yield Equity Dividend Achievers ETF. During the second quarter, GPS Wealth Strategies Group LLC committed financial support for $49,000 to the Invesco High Yield Equity Dividend Achievers ETF. This support came in the form of investment. During the second quarter, Private Trust Co. NA spent approximately $57,000 to acquire an additional stake in the Invesco High Yield Equity Dividend Achievers ETF. This purchase brought the company’s total investment in the ETF to approximately $57,000. Geneos Wealth Management Inc. achieved a remarkable 81.6% increase in the percentage of Invesco High Yield Equity Dividend Achievers ETF shares it owned during the first three months of 2018. Geneos Wealth Management Inc. is now the official owner of 4,346 shares after purchasing an additional 1,953 shares during the preceding quarter. Each share of the company is currently worth $94,000. Last but not least, during the first three months of 2018, EP Wealth Advisors LLC added roughly $158,000 to its holdings in the Invesco High Yield Equity Dividend Achievers ETF. This was the company’s largest investment during this period.

On Friday, the price of a single share of PEY stock was set at $21.42 when trading began. The stock’s moving average over the past 50 days is $20.96, and its moving average over the past 200 days is also $20.59. The price of the Invesco High Yield Equity Dividend Achievers ETF hit a low of $18.53 over the previous year, while it reached a high of $22.67 over the previous year.

In addition, the corporation recently announced and completed the monthly dividend distribution, which took place on December 23. On December 21, $0.114 dividend payments were made to shareholders who were “recorded” as having a stake in the company. These payments were made on the day in question. On Monday, December 19, shareholders were not given any portion of this dividend payment because it had been distributed. This equates to an annual dividend payment of $1.37 and a dividend yield of 6.39 percent when calculated annually. In recent months, the monthly dividend of the Invesco High Yield Equity Dividend Achievers ETF increased from $0.07 to $0.08. Previously, the dividend was paid out.

The PowerShares High Yield Equity Dividend Achiever Portfolio, also known as the Fund, is built on the foundation of the Mergent Dividend Achiever 50 Index (the Index). The Fund’s objective is to have at least 90 percent of its total assets invested in common stocks that are parts of the Index and generate dividends. The primary considerations for choosing which stocks would be included in the Index were the dividend yields and the rate of dividend growth over time for each of the 50 individual stocks.

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