Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Shares Cross Below 50-Day Moving Average – Should You Sell?

Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $24.55 and traded as low as $23.18. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $23.19, with a volume of 468,392 shares changing hands.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

The business has a fifty day simple moving average of $24.49 and a 200 day simple moving average of $23.05. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 13.11 and a beta of 0.66.

Invesco High Yield Equity Dividend Achievers ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were paid a $0.0932 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Monday, August 24th.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cardiff Park Advisors LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter worth approximately $27,000. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the second quarter worth $67,000. Glenmede Trust Co. NA acquired a new position in Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter valued at about $86,000. Cassaday & Co Wealth Management LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF in the first quarter valued at approximately $115,000. Finally, Western Wealth Management LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at approximately $189,000.

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.