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

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $24.07 and last traded at $23.82, with a volume of 133769 shares trading hands. The stock had previously closed at $23.63.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 0.8%

The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 13.11 and a beta of 0.66. The firm’s 50 day simple moving average is $22.64 and its 200-day simple moving average is $21.83.

Invesco High Yield Equity Dividend Achievers ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.0951 per share. The ex-dividend date was Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

Institutional Investors Weigh In On Invesco High Yield Equity Dividend Achievers ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Cardiff Park Advisors LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at approximately $26,000. Spire Wealth Management raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 700.0% in the fourth 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 in the last quarter. JPL Wealth Management LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF during the third quarter worth $75,000. Palisade Asset Management LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at approximately $82,000. Finally, Glenmede Trust Co. NA acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter valued at $86,000.

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.