About PEY ETF
PEY's commitment to dividend makes it an attractive option in the dividend-seeking space and is managed by Invesco that has an AUM of $987B. The 50 highest-yielding firms above $2 billion in market cap that have increased their annual dividends for at least 10 consecutive years are then weighted by dividend yield. The resulting portfolio market cap is much smaller than the benchmark with higher market risk and a large tilt to the utilities sector but offers high yield.
PEY: A Gem Among High Dividend ETFs
An ETF For Dividend Achievement
Will ETF PEY Continue to Pay Investors? (PEY)
About the Fund Manager:
Invesco was incorporated in 1935, offers insightful financial strategies through their diversified product offerings and manages $987.8B. Invesco is an American independent investment management company that has branch offices in 25 countries with more than 7000 employees.
How did we identify this ETF:
A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R-Squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. PEY is on the pricey side in terms of fees, but tracking is tight and it has a history of efficiency and reliable yield to point to. The ETF enjoys strong liquidity, with hundreds of thousands of shares trading daily at tight spreads. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.