Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Sees Unusually-High Trading Volume – Still a Buy?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw an uptick in trading volume on Tuesday . 951,352 shares were traded during trading, an increase of 136% from the previous session’s volume of 403,966 shares.The stock last traded at $21.36 and had previously closed at $21.24.

Invesco High Yield Equity Dividend Achievers ETF Trading Down 0.3%

The company has a market cap of $1.01 billion, a price-to-earnings ratio of 13.11 and a beta of 0.74. The stock’s 50 day moving average price is $21.52 and its 200 day moving average price is $21.01.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.0711 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 4.0%.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 155.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 268,216 shares of the company’s stock worth $5,469,000 after buying an additional 163,387 shares during the period. Good Steward Wealth Advisors LLC grew its position in Invesco High Yield Equity Dividend Achievers ETF by 81.2% during the third quarter. Good Steward Wealth Advisors LLC now owns 190,194 shares of the company’s stock valued at $4,007,000 after acquiring an additional 85,255 shares during the period. Virtu Financial LLC grew its position in Invesco High Yield Equity Dividend Achievers ETF by 402.6% during the fourth quarter. Virtu Financial LLC now owns 84,130 shares of the company’s stock valued at $1,715,000 after acquiring an additional 67,392 shares during the period. Royal Bank of Canada increased its stake in Invesco High Yield Equity Dividend Achievers ETF by 28.2% during the fourth quarter. Royal Bank of Canada now owns 263,179 shares of the company’s stock worth $5,366,000 after acquiring an additional 57,841 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter worth about $636,000.

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.