Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Reaches New 1-Year High – What’s Next?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $23.64 and last traded at $23.47, with a volume of 192721 shares. The stock had previously closed at $23.18.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 1.3%

The firm has a market cap of $1.11 billion, a PE ratio of 13.11 and a beta of 0.66. The business has a fifty day moving average price of $22.50 and a 200 day moving average price of $21.74.

Invesco High Yield Equity Dividend Achievers ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.0951 dividend. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PEY. Cardiff Park Advisors LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at $26,000. Spire Wealth Management raised its stake 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 worth $35,000 after acquiring an additional 1,505 shares in the last quarter. JPL Wealth Management LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter worth $75,000. Palisade Asset Management LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at $82,000. Finally, Glenmede Trust Co. NA purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF in the first quarter valued at $86,000.

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.