Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Stock Passes Below 50-Day Moving Average – Time to Sell?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $24.56 and traded as low as $24.03. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $24.04, with a volume of 469,378 shares changing hands.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 13.11 and a beta of 0.66. The firm’s 50-day moving average is $24.56 and its 200 day moving average is $22.95.

Invesco High Yield Equity Dividend Achievers ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a dividend of $0.0932 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Monday, August 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in Invesco High Yield Equity Dividend Achievers ETF by 155.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 268,216 shares of the company’s stock worth $5,469,000 after purchasing an additional 163,387 shares in the last quarter. Fifth Third Bancorp raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 1,078.4% during the first quarter. Fifth Third Bancorp now owns 76,997 shares of the company’s stock valued at $1,649,000 after buying an additional 70,463 shares in the last quarter. Virtu Financial LLC raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 402.6% during the fourth quarter. Virtu Financial LLC now owns 84,130 shares of the company’s stock valued at $1,715,000 after buying an additional 67,392 shares in the last quarter. Aspire Capital Advisors LLC lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 36.6% during the 2nd quarter. Aspire Capital Advisors LLC now owns 93,653 shares of the company’s stock worth $2,171,000 after buying an additional 25,087 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 14.6% during the 4th quarter. IFP Advisors Inc now owns 125,244 shares of the company’s stock worth $2,553,000 after buying an additional 15,956 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.