Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $21.52 and traded as low as $21.14. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $21.24, with a volume of 1,034,361 shares changing hands.

Invesco High Yield Equity Dividend Achievers ETF Trading Down 0.3%

The firm has a market capitalization of $1.01 billion, a PE ratio of 13.11 and a beta of 0.74. The business has a 50-day moving average of $21.52 and a 200 day moving average of $21.01.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a dividend of $0.0711 per share. The ex-dividend date was Monday, March 23rd. This represents a c) annualized dividend and a yield of 4.0%.

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

Institutional investors have recently added to or reduced their stakes in the company. Cardiff Park Advisors LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter worth approximately $26,000. Spire Wealth Management grew its holdings in shares of 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 in the last quarter. Hurley Capital LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the second quarter valued at approximately $41,000. JPL Wealth Management LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF during the third quarter worth $75,000. Finally, Palisade Asset Management LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF in the third quarter worth $82,000.

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.