Invesco Pares Fees on 3 ETFs

Invesco Ltd. (NYSE: IVZ), the fourth-largest U.S. issuer of exchange traded funds, said it is lowering fees on three of its smart beta ETFs.

“Invesco seeks to deliver an experience that helps investors get more out of life. Many elements influence an investor’s experience, such as performance, alignment with desired outcomes and value for cost. By offering a competitive set of active, passive and alternative capabilities, the firm is well positioned to help clients achieve their desired investment objectives,” according to a statement.

Invesco lowered the annual fee on the Invesco Dow Jones Industrial Average Dividend ETF (NYSEArca: DJD) to 0.07% from 0.30%. DJD weighs the 30 Dow stocks by yield. That fund tracks the Dow Jones Industrial Average Yield Weighted Index.

More Fee Cuts

The Invesco S&P 500 High Quality Portfolio (NYSEArca: SPHQ) saw its annual fee lowered from 0.38% to 0.15%.

The ETF’s quality tilt comes by way of emphasizing companies’ long-term earnings growth dividend-paying potential. The underlying index focuses on companies with the highest quality as determined by fundamental measures, including return on equity, accruals ratio and financial leverage ratio.