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

Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) reached a new 52-week high during trading on Wednesday . The stock traded as high as $24.11 and last traded at $24.10, with a volume of 34316 shares trading hands. The stock had previously closed at $23.77.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

The business’s 50-day moving average is $22.79 and its 200 day moving average is $21.94. The firm has a market capitalization of $1.12 billion, a P/E ratio of 13.11 and a beta of 0.66.

Invesco High Yield Equity Dividend Achievers ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.0951 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Monday, June 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Cardiff Park Advisors LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at about $26,000. Spire Wealth Management grew its position 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 acquiring an additional 1,505 shares during the last quarter. JPL Wealth Management LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF during the third quarter worth about $75,000. Palisade Asset Management LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF during the third quarter worth about $82,000. Finally, Glenmede Trust Co. NA bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the first quarter worth about $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.