Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Reaches New 52-Week High at $21.82

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $21.82 and last traded at $21.82, with a volume of 70768 shares. The stock had previously closed at $21.60.

Invesco High Yield Equity Dividend Achievers ETF Stock Up 0.3 %

The company has a 50 day moving average of $20.58 and a two-hundred day moving average of $20.19. The firm has a market cap of $1.24 billion, a P/E ratio of 14.21 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 19th were given a dividend of $0.076 per share. The ex-dividend date was Monday, August 19th. This represents a $0.91 annualized dividend and a dividend yield of 4.22%.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

A number of large investors have recently added to or reduced their stakes in PEY. Chilton Capital Management LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at $31,000. Fifth Third Bancorp lifted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 81.7% in the 2nd quarter. Fifth Third Bancorp now owns 3,634 shares of the company’s stock valued at $71,000 after acquiring an additional 1,634 shares in the last quarter. CWM LLC boosted its stake in Invesco High Yield Equity Dividend Achievers ETF by 164.6% in the 2nd quarter. CWM LLC now owns 4,213 shares of the company’s stock worth $83,000 after purchasing an additional 2,621 shares during the period. Bristlecone Advisors LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter worth approximately $106,000. Finally, Spire Wealth Management grew its position in Invesco High Yield Equity Dividend Achievers ETF by 30.4% during the 4th quarter. Spire Wealth Management now owns 8,364 shares of the company’s stock worth $169,000 after purchasing an additional 1,950 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.