Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Hits New 52-Week High – Time to Buy?

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

Invesco High Yield Equity Dividend Achievers ETF Trading Up 1.1%

The company has a market cap of $1.12 billion, a price-to-earnings ratio of 13.11 and a beta of 0.66. The firm’s fifty day moving average price is $22.79 and its 200-day moving average price is $21.94.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.0951 per share. The ex-dividend date was Monday, June 22nd. This represents a c) annualized dividend and a yield of 4.7%.

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

Several large investors have recently modified their holdings of the business. Comerica Bank lifted its position in Invesco High Yield Equity Dividend Achievers ETF by 0.7% during the fourth quarter. Comerica Bank now owns 78,115 shares of the company’s stock worth $1,592,000 after acquiring an additional 522 shares during the last quarter. Sovereign Financial Group Inc. boosted its stake in Invesco High Yield Equity Dividend Achievers ETF by 2.7% in the 1st quarter. Sovereign Financial Group Inc. now owns 20,198 shares of the company’s stock valued at $433,000 after purchasing an additional 526 shares during the period. Stolper Co grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 1.8% in the 4th quarter. Stolper Co now owns 30,267 shares of the company’s stock valued at $617,000 after buying an additional 548 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in Invesco High Yield Equity Dividend Achievers ETF by 1.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 35,547 shares of the company’s stock worth $725,000 after buying an additional 584 shares during the period. Finally, Mariner LLC increased its position in Invesco High Yield Equity Dividend Achievers ETF by 1.4% during the 3rd quarter. Mariner LLC now owns 42,121 shares of the company’s stock worth $887,000 after buying an additional 597 shares during the period.

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.