PEY ETF Gains 16% YTD, 30-Day SEC Yield 4.56%

Invesco’s High Yield Equity Dividend Achievers ETF (PEY) returned about 16% year-to-date through the first half of 2026 and reports a 30-day SEC yield of 4.56%. The fund holds $1.1 billion in assets and follows the NASDAQ US Dividend Achievers 50 Index.

PEY’s year-to-date return compares with about 8.9% for ETFs tracking the S&P 500 over the same period. The ETF pays dividends monthly and will mark its 22nd year in December 2026.

The index behind the ETF selects stocks using two criteria: current dividend yield and a record of consecutive dividend increases. The fund applies those index rules when forming its 50-stock lineup, combining yield and dividend-growth measures in its stock selection.

Sector exposure is concentrated in financial services and consumer defensive companies, which together account for 43% of the fund’s weight. Technology names represent 2.66% of the fund’s weight.

U.S. banks have increased dividend payouts in recent years after passing federal regulatory stress tests, a trend that has supported the financial allocation in dividend-focused portfolios.

A S&P Dow Jones Indices analysis stated that dividend growth stocks can provide exposure to companies with sustained payouts and higher income over time, which can help buffer against market volatility and some risks tied to rising interest rates.

Clark & McCaffrey Wealth Management at Raymond James pointed out that companies that consistently raise dividends provide a growing income stream for investors, and that dividend growth can help investment income keep pace with inflation when compared with fixed-rate bonds.

The ETF follows the NASDAQ US Dividend Achievers 50 Index methodology and distributes income monthly. Its combination of yield and dividend-growth criteria defines the fund’s exposure across established dividend payers.