Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Sets New 52-Week High – Time to Buy?

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 $22.57 and last traded at $22.56, with a volume of 21705 shares. The stock had previously closed at $22.40.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 0.7%

The company has a market cap of $1.07 billion, a price-to-earnings ratio of 13.11 and a beta of 0.66. The firm has a 50-day moving average price of $21.68 and a 200 day moving average price of $21.26.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 18th were paid a dividend of $0.0906 per share. This represents a c) annualized dividend and a yield of 4.8%. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.08. The ex-dividend date was Monday, May 18th.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

A number of institutional investors and hedge funds have recently modified their holdings of PEY. Cardiff Park Advisors LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at about $27,000. Spire Wealth Management raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 700.0% during the fourth quarter. Spire Wealth Management now owns 1,720 shares of the company’s stock worth $35,000 after acquiring an additional 1,505 shares during the period. JPL Wealth Management LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF during the third quarter worth about $75,000. Palisade Asset Management LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF in the third quarter worth about $82,000. Finally, Glenmede Trust Co. NA bought a new position in Invesco High Yield Equity Dividend Achievers ETF in the first quarter worth about $86,000.

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.