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

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s share price reached a new 52-week high on Thursday . The company traded as high as $25.12 and last traded at $25.02, with a volume of 55558 shares changing hands. The stock had previously closed at $24.83.

Invesco High Yield Equity Dividend Achievers ETF Stock Up 1.1%

The company has a market capitalization of $1.17 billion, a PE ratio of 13.11 and a beta of 0.65. The company has a 50-day moving average price of $23.77 and a two-hundred day moving average price of $22.46.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were issued a $0.0971 dividend. The ex-dividend date of this dividend was Monday, July 20th.

Hedge Funds Weigh In On Invesco High Yield Equity Dividend Achievers ETF

A number of institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 2nd quarter worth $260,000. Raymond James Financial Inc. increased its stake in Invesco High Yield Equity Dividend Achievers ETF by 1.5% in the second quarter. Raymond James Financial Inc. now owns 651,911 shares of the company’s stock valued at $13,306,000 after acquiring an additional 9,533 shares during the last quarter. EP Wealth Advisors LLC increased its stake in Invesco High Yield Equity Dividend Achievers ETF by 32.7% in the second quarter. EP Wealth Advisors LLC now owns 6,896 shares of the company’s stock valued at $141,000 after acquiring an additional 1,700 shares during the last quarter. MML Investors Services LLC raised its position in Invesco High Yield Equity Dividend Achievers ETF by 1.2% during the second quarter. MML Investors Services LLC now owns 67,607 shares of the company’s stock valued at $1,380,000 after purchasing an additional 783 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in Invesco High Yield Equity Dividend Achievers ETF by 8.2% during the second quarter. Captrust Financial Advisors now owns 84,466 shares of the company’s stock valued at $1,724,000 after purchasing an additional 6,406 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Company Profile

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.