Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Reaches New 1-Year High at $18.59

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $18.59 and last traded at $18.58, with a volume of 164572 shares trading hands. The stock had previously closed at $18.33.

Separately, Canaccord Genuity reaffirmed an “average” rating and set a $7.00 price objective on shares of Invesco High Yield Equity Dividend Achievers ETF in a research note on Tuesday, July 9th.

The firm has a fifty day moving average price of $17.82 and a 200 day moving average price of $17.92.

The firm also recently declared a monthly dividend, which was paid on Friday, August 30th. Investors of record on Tuesday, August 20th were issued a dividend of $0.062 per share. This represents a $0.74 dividend on an annualized basis and a yield of 4.00%. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Monday, August 19th.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Resources Investment Advisors Inc. lifted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 0.5% during the first quarter. Resources Investment Advisors Inc. now owns 152,691 shares of the company’s stock worth $2,729,000 after purchasing an additional 721 shares in the last quarter. B. Riley Wealth Management Inc. raised its position in Invesco High Yield Equity Dividend Achievers ETF by 1.8% in the 1st quarter. B. Riley Wealth Management Inc. now owns 63,073 shares of the company’s stock worth $1,127,000 after purchasing an additional 1,101 shares during the last quarter. Brick & Kyle Associates raised its position in Invesco High Yield Equity Dividend Achievers ETF by 8.4% in the 1st quarter. Brick & Kyle Associates now owns 14,324 shares of the company’s stock worth $256,000 after purchasing an additional 1,106 shares during the last quarter. Aft Forsyth & Company Inc. raised its position in Invesco High Yield Equity Dividend Achievers ETF by 2.5% in the 2nd quarter. Aft Forsyth & Company Inc. now owns 49,935 shares of the company’s stock worth $906,000 after purchasing an additional 1,200 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 2.6% during the 1st quarter. RPg Family Wealth Advisory LLC now owns 52,254 shares of the company’s stock worth $934,000 after buying an additional 1,346 shares in the last quarter.

About Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

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.

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