Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $22.26 and traded as high as $22.90. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $22.83, with a volume of 224,287 shares trading hands.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

The company’s fifty day moving average price is $22.28 and its two-hundred day moving average price is $21.59. The firm has a market capitalization of $1.08 billion, a PE ratio of 13.11 and a beta of 0.66.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be paid a dividend of $0.0951 per share. The ex-dividend date of this dividend is Monday, June 22nd.

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

A number of hedge funds have recently made changes to their positions in the stock. Cardiff Park Advisors LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter worth $26,000. Spire Wealth Management boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 700.0% in the fourth quarter. Spire Wealth Management now owns 1,720 shares of the company’s stock valued at $35,000 after acquiring an additional 1,505 shares during the last quarter. JPL Wealth Management LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at $75,000. Palisade Asset Management LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF during the third quarter valued at about $82,000. Finally, Glenmede Trust Co. NA purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF during the first quarter valued at about $86,000.

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.