PowerShares High Yield Price, Forecast, Insider, Ratings, Fundamentals & Signals

PEY tracks the NASDAQ US Dividend Achievers 50 ETF Index, selecting high-dividend stocks from all size segments with at least ten consecutive years of dividend increases. The Index dividend yield is 5.23%, but PEY's 0.52% expense ratio decreases the expected yield to 4.71%. Still, it's one of the highest-yielding pure equity funds on the market. Negative Wall Street earnings revisions are one reason why PEY's holdings have such high yields. However, last quarter sales and earnings surprise results suggest these analysts are too bearish.

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.

DGI investors buy companies with long histories of increasing dividend payments. The strategy works because it shifts investors' attention to regular income payments, meaning they'll stay invested for longer. ETFs can supercharge the DGI strategy through rebalancings, regularly allocating more to higher-yielding stocks. In addition, investors can take advantage of an ETF's unique structure to avoid tax consequences. However, ETF screeners, as currently designed, are inadequate for DGI investors. They provide little to no information about an ETF's dividend safety, growth, or quality.

Invesco High Yield Equity Dividend Achievers ETF faces risks due to a lack of diversification, bad exposure, underperformance compared to peers, and a high comparative fee structure. PEY's strategy focuses on high dividend-yielding stocks with a history of increasing dividends, aiming to provide income and potential capital appreciation. PEY has significant exposure to Walgreens Boots Alliance, which adds to the fund's vulnerability and warrants caution.

The Invesco High Yield Equity Dividend Achievers ETF (PEY) was launched on 12/09/2004, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - All Cap Value category of the market.

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The Invesco High Yield Equity Dividend Achievers ETF is a 4-star rated fund that invests in the NASDAQ US Dividend Achievers 50 Index. The top holdings include Walgreens Boots Alliance, Nu Skin, and Altria, all of which have relatively high-yields but have experienced significant stock price declines this year. Today, I will review the PEY ETF to see if it is a worthy candidate for the "dividend income" category of your portfolio.

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.