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

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s share price reached a new 52-week high on Friday . The stock traded as high as $23.46 and last traded at $23.41, with a volume of 98865 shares changing hands. The stock had previously closed at $23.06.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 1.2%

The stock has a market cap of $1.10 billion, a PE ratio of 13.11 and a beta of 0.66. The business has a fifty day simple moving average of $22.39 and a two-hundred day simple moving average of $21.66.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 22nd will be given a dividend of $0.0951 per share. The ex-dividend date is Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 4.9%.

Hedge Funds Weigh In On Invesco High Yield Equity Dividend Achievers ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Cardiff Park Advisors LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the first quarter valued at $27,000. Spire Wealth Management increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 700.0% in the 4th quarter. Spire Wealth Management now owns 1,720 shares of the company’s stock worth $35,000 after acquiring an additional 1,505 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter worth about $75,000. Palisade Asset Management LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at about $82,000. Finally, Glenmede Trust Co. NA purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter valued at 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.