(PEY) Invesco High Yield Equity - Ratings and Ratios

The Invesco High Yield Equity Dividend Achievers ETF (PEY) is designed to track the performance of the Nasdaq U.S. Dividend Achievers Index, which focuses on companies with a proven history of consistently increasing their dividends. The fund typically allocates at least 90% of its assets to securities included in this index, ensuring a tight alignment with its underlying benchmark.

Nasdaq, Inc. constructs the index by selecting common stocks of U.S. companies that have demonstrated a consistent record of dividend growth. The primary criteria for inclusion are a history of increasing dividends and a strong potential for future dividend growth. This approach emphasizes sustainable income generation and the potential for capital appreciation over time.

Its important to note that PEY is classified as a non-diversified fund, meaning it may have a higher concentration in certain sectors or individual securities compared to diversified funds. This concentration can lead to higher volatility but also offers the potential for greater returns if the funds targeted investments perform well.

With total assets under management of approximately $1.23 billion, PEY is a mid-sized ETF in the mid-cap value category. While it does not provide explicit P/E, P/B, or P/S ratios, its focus on dividend growth and mid-cap companies makes it an interesting option for investors seeking a balance between income and growth in the U.S. equity market.