ETF Overview
Invesco High Yield Equity Dividend Achievers ETF (PEY) owns a portfolio of high yield dividend stocks that have increased their dividends for at least 10 consecutive years (with a minimum market capitalization of $1 billion). The fund has a high exposure to defensive sector but has limited exposure to growth sectors such as technology sector. This is evident in the fact that its total return has lagged the S&P 500 Index and other dividend quality funds. Therefore, investors may want to seek opportunities elsewhere.
Fund Analysis
PEY include