Investors seeking stability during uncertainty should consider the Invesco High Yield Equity Dividend Achievers™ ETF for its high-yield dividends and consistent growth. PEY offers a diversified portfolio with no single position exceeding 3.87%, focusing on financials, utilities, and consumer staples. Compared to SPDR S&P Dividend ETF, PEY targets high-yield stocks, providing a unique blend of income and growth opportunities.
PEY offers a 4.81% TTM yield with monthly payouts and diversification across 50 stocks. Stock selection rules are based on yield and dividend increases. Its composition leads to poor total returns and the inclusion of some "bad" stocks.
Making its debut on 12/09/2004, smart beta exchange traded fund Invesco High Yield Equity Dividend Achievers ETF (PEY) provides investors broad exposure to the Style Box - All Cap Value category of the market.
Invesco High Yield Equity Dividend Achievers ETF has a strong historical performance with price returns of 57% and total returns of over 136% in the last ten years. PEY focuses on dividend-paying companies with a starting dividend yield of 5%. It has ten years of consecutive dividend raises and a solid dividend growth rate. The Fund's holdings are concentrated in about 50 companies, with limited exposure to the technology sector, which may hinder its price performance.
A smart beta exchange traded fund, the Invesco High Yield Equity Dividend Achievers ETF (PEY) debuted on 12/09/2004, and offers broad exposure to the Style Box - All Cap Value category of the market.