Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $21.52 and traded as high as $22.36. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $22.20, with a volume of 198,361 shares trading hands.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 0.2%

The company has a market cap of $1.05 billion, a price-to-earnings ratio of 13.11 and a beta of 0.66. The firm’s fifty day moving average price is $21.52 and its 200-day moving average price is $21.16.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 20th were given a dividend of $0.0818 per share. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, April 20th. This represents a c) annualized dividend and a yield of 4.4%.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cardiff Park Advisors LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF during the third quarter worth about $26,000. Spire Wealth Management raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 700.0% in the 4th quarter. Spire Wealth Management now owns 1,720 shares of the company’s stock valued at $35,000 after purchasing an additional 1,505 shares during the period. JPL Wealth Management LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at about $75,000. Palisade Asset Management LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at about $82,000. Finally, Private Trust Co. NA raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 25.9% in the 4th quarter. Private Trust Co. NA now owns 5,161 shares of the company’s stock valued at $105,000 after purchasing an additional 1,062 shares during the period.

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.