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

Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) reached a new 52-week high on Tuesday . The company traded as high as $25.06 and last traded at $25.02, with a volume of 89643 shares changing hands. The stock had previously closed at $24.48.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 1.6%

The business has a 50-day moving average of $23.22 and a 200 day moving average of $22.17. The firm has a market capitalization of $1.16 billion, a PE ratio of 13.11 and a beta of 0.66.

Invesco High Yield Equity Dividend Achievers ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 20th were given a dividend of $0.0971 per share. The ex-dividend date of this dividend was Monday, July 20th.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Investors Research Corp increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 3.3% during the second quarter. Investors Research Corp now owns 389,733 shares of the company’s stock valued at $9,034,000 after acquiring an additional 12,518 shares during the last quarter. Western Wealth Management LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at $189,000. Glenmede Trust Co. NA bought a new position in Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at $86,000. Cardiff Park Advisors LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter valued at $27,000. Finally, Wealth Alliance LLC increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.0% during the 1st quarter. Wealth Alliance LLC now owns 86,798 shares of the company’s stock valued at $1,859,000 after purchasing an additional 1,696 shares during 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. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.