Key stats
About Invesco High Yield Equity Dividend Achievers ETF
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Inception date
Dec 9, 2004
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
ISIN
US46137V5637
PEY's commitment to dividend stability makes it an attractive option in the dividend-seeking space. The fund employs one of the segment's most robust dividend viability screens, only including firms with 10 straight years of dividend increases and growth. The 50 highest-yielding firms above $1 billion in market cap that fit this bill are then weighted by dividend yield. Its basket of US large- and midcaps also makes for easy creation/redemption. The index is reconstituted annually and rebalanced quarterly.
Related funds
Classification
What's in the fund
Exposure type
Finance
Utilities
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
PEY assets under management is 1.14 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
PEY invests in stocks. See more details in our Analysis section.
PEY expense ratio is 0.54%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, PEY isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, PEY pays dividends to its holders with the dividend yield of 4.54%.
PEY shares are issued by Invesco Ltd.
PEY follows the NASDAQ US Dividend Achievers 50 Index TR. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Dec 9, 2004.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.