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Invesco High Yield Equity Dividend Achievers ETF
PEY (Invesco High Yield Equity Dividend Achievers ETF) is an index US Dividend Equity ETF by Invesco. With a 0.54% MER, it provides diversified exposure through 51 holdings. Monthly distribution with a 4.66% yield.
PEY by Invesco is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.54% MER, its fees are in line with category averages. It pays a monthly distribution with a 4.66% yield, making it attractive for income-seeking investors.
This ETF suits investors who prioritize regular dividend income. It is often held in a TFSA to receive distributions tax-free.