Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Shares Pass Above Fifty Day Moving Average – Here’s Why

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $21.31 and traded as high as $22.17. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $22.12, with a volume of 91,067 shares.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

The stock has a market cap of $1.08 billion, a PE ratio of 13.11 and a beta of 0.74. The firm has a 50-day moving average price of $21.31 and a 200-day moving average price of $21.00.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were issued a dividend of $0.0818 per share. The ex-dividend date was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

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

Hedge funds have recently added to or reduced their stakes in the company. Cardiff Park Advisors LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter worth $26,000. Spire Wealth Management raised its position in 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 buying an additional 1,505 shares during the last quarter. Simplex Trading LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF during the 2nd quarter valued at about $38,000. Hurley Capital LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF during the 2nd quarter valued at about $41,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at about $75,000.

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.