Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Sets New 52-Week High – Should You Buy?

Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $25.06 and last traded at $25.02, with a volume of 89643 shares trading hands. The stock had previously closed at $24.48.

Invesco High Yield Equity Dividend Achievers ETF Trading Down 1.2%

The company has a market cap of $1.14 billion, a PE ratio of 13.11 and a beta of 0.66. The business’s 50 day moving average is $23.34 and its two-hundred day moving average is $22.23.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 20th were given a $0.0971 dividend. The ex-dividend date was Monday, July 20th.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

Institutional investors have recently made changes to their positions in the business. Cardiff Park Advisors LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at approximately $26,000. Spire Wealth Management grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 700.0% during the 4th quarter. Spire Wealth Management now owns 1,720 shares of the company’s stock valued at $35,000 after buying an additional 1,505 shares in the last quarter. Palisade Asset Management LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the third quarter valued at approximately $82,000. Glenmede Trust Co. NA bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the first quarter valued at approximately $86,000. Finally, Private Trust Co. NA raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 25.9% during the fourth quarter. Private Trust Co. NA now owns 5,161 shares of the company’s stock valued at $105,000 after buying an additional 1,062 shares during the last quarter.

About Invesco High Yield Equity Dividend Achievers ETF

PowerShares High Yield Equity Dividend Achiever Portfolio (the Fund) is based on the Mergent Dividend Achiever 50 Index (the Index). The Fund focuses to invest at least 90% of its total assets in dividend paying common stocks, which comprise the Index. The Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.