Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Hits New 1-Year High – What’s Next?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s share price hit a new 52-week high on Wednesday . The company traded as high as $24.07 and last traded at $23.82, with a volume of 133769 shares traded. The stock had previously closed at $23.63.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

The company has a market capitalization of $1.12 billion, a P/E ratio of 13.11 and a beta of 0.66. The business has a fifty day moving average of $22.64 and a 200-day moving average of $21.83.

Invesco High Yield Equity Dividend Achievers ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.0951 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, June 22nd.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Western Wealth Management LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter worth about $189,000. Glenmede Trust Co. NA purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at approximately $86,000. Cardiff Park Advisors LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF in the first quarter worth $27,000. Wealth Alliance LLC increased its stake in Invesco High Yield Equity Dividend Achievers ETF by 2.0% during the 1st quarter. Wealth Alliance LLC now owns 86,798 shares of the company’s stock valued at $1,859,000 after purchasing an additional 1,696 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Invesco High Yield Equity Dividend Achievers ETF by 6.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,010 shares of the company’s stock valued at $279,000 after acquiring an additional 798 shares in 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.