Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $21.54 and traded as high as $21.76. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $21.60, with a volume of 308,548 shares traded.

Invesco High Yield Equity Dividend Achievers ETF Trading Down 0.1%

The business has a fifty day simple moving average of $21.54 and a two-hundred day simple moving average of $21.19. The stock has a market cap of $1.02 billion, a PE ratio of 13.11 and a beta of 0.66.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 24th. Investors of record on Monday, April 20th were paid a $0.0818 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Monday, April 20th. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.07.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cardiff Park Advisors LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter worth approximately $27,000. Wealth Alliance LLC grew its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.0% in the 1st quarter. Wealth Alliance LLC now owns 86,798 shares of the company’s stock worth $1,859,000 after buying an additional 1,696 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 6.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,010 shares of the company’s stock worth $279,000 after buying an additional 798 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter worth approximately $115,000. Finally, Independent Financial Group LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter worth approximately $204,000.

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.