PEY - （Invesco High Yield Equity Dividend Achievers ETF）

The Federal Reserve announced on March 22 that it was raising its key interest rate by 25 basis points, the ninth consecutive increase. As interest rates increase, dividend ETFs and those investing in them are caught in a perplexing situation. The tendency of some income-focused investors in times like this is to move money away from dividend-paying stocks and into fixed-income products. However, Global X stated in a 2018 publication: “In 7 out of the 10 rising interest rate periods since 1960, high dividend stocks outperformed the S&P 500.” Yet, the scary part of that data point is that the three times when high-yielding dividend stocks underperformed the index were periods of unusually rapid rate increases. That’s precisely the situation we face in 2023. So, what do you do? If you’re a buy-and-hold investor, you might consider some dollar-cost averaging to ride out the low points. Alternatively, you could find dividend ETFs with high income (4% yield or higher) and low fees (0.6% or lower) like the ones below.

Investors Research Corp increased its holdings in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 12.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,668 shares of the companys stock after acquiring an additional 15,846 shares during the []

AdvisorNet Financial Inc lifted its stake in Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 739.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 21,678 shares of the companys stock after buying an additional 19,097 shares during the period. AdvisorNet Financial Incs holdings in Invesco High Yield Equity Dividend Achievers ETF were worth []

Wells Fargo & Company MN lifted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 7.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 495,778 shares of the companys stock after acquiring an additional 33,534 []

Creative Financial Designs Inc. ADV boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) by 37.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 3,715 shares of the companys stock after acquiring an additional 1,012 shares during the period. Creative Financial Designs []

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) had its target price upped by Royal Bank of Canada from $12.00 to $13.00 in a research report report published on Wednesday morning, Stock Target Advisor reports. They currently have a sector perform rating on the stock. PEY stock opened at $20.79 on Wednesday. The companys fifty []