Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Sets New 52-Week High – Still a Buy?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) hit a new 52-week high during trading on Wednesday . The company traded as high as $25.45 and last traded at $25.42, with a volume of 55155 shares. The stock had previously closed at $25.08.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 13.11 and a beta of 0.65. The business’s 50-day moving average price is $23.96 and its two-hundred day moving average price is $22.57.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were paid a $0.0971 dividend. The ex-dividend date of this dividend was Monday, July 20th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Comerica Bank increased its holdings in Invesco High Yield Equity Dividend Achievers ETF by 0.7% during the 4th quarter. Comerica Bank now owns 78,115 shares of the company’s stock worth $1,592,000 after purchasing an additional 522 shares during the last quarter. Sovereign Financial Group Inc. raised its position in shares of 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 in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of 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 valued at $725,000 after buying an additional 584 shares during the last quarter. Mariner LLC grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.4% during the third quarter. Mariner LLC now owns 42,121 shares of the company’s stock worth $887,000 after buying an additional 597 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.2% in the second quarter. MML Investors Services LLC now owns 67,607 shares of the company’s stock worth $1,380,000 after buying an additional 783 shares during the last quarter.

About Invesco High Yield Equity Dividend Achievers ETF

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.