Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY – Get Free Report)’s share price hit a new 52-week high on Wednesday. The company traded as high as $25.49 and last traded at $25.4570, with a volume of 670,376 shares changing hands. The stock had previously closed at $24.56.
Invesco High Yield Equity Dividend Achievers ETF Stock Performance
The stock has a 50-day moving average of $23.82 and a 200 day moving average of $22.88. The firm has a market capitalization of $1.18 billion, a P/E ratio of 13.11 and a beta of 0.67.
Invesco High Yield Equity Dividend Achievers ETF Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were issued a $0.0932 dividend. This represents a $1.12 annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, August 24th.
Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF
Hedge funds have recently bought and sold shares of the stock. AlphaCore Capital LLC lifted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.3% during the 3rd quarter. AlphaCore Capital LLC now owns 171,636 shares of the company’s stock worth $3,916,000 after buying an additional 3,873 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter worth $3,045,000. Chicago Partners Investment Group LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at about $314,000. MeadowBrook Investment Advisors LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the third quarter valued at about $97,000. Finally, International Assets Investment Management LLC increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 60.4% during the 3rd quarter. International Assets Investment Management LLC now owns 40,570 shares of the company’s stock valued at $925,000 after purchasing an additional 15,277 shares during the last quarter.
Invesco High Yield Equity Dividend Achievers ETF Company Profile
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.
Further Reading
- Five stocks we like better than Invesco High Yield Equity Dividend Achievers ETF
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Receive News & Ratings for Invesco High Yield Equity Dividend Achievers ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco High Yield Equity Dividend Achievers ETF and related companies with MarketBeat.com's FREE daily email newsletter.
