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

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $25.06 and last traded at $25.02, with a volume of 89643 shares traded. The stock had previously closed at $24.48.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

The company has a market cap of $1.16 billion, a PE ratio of 13.11 and a beta of 0.66. The company’s 50 day moving average price is $23.22 and its 200-day moving average price is $22.17.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were given a dividend of $0.0971 per share. The ex-dividend date was Monday, July 20th.

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

Several hedge funds and other institutional investors have recently modified their holdings of PEY. Raymond James Financial Inc. increased its holdings in Invesco High Yield Equity Dividend Achievers ETF by 2.6% during the 3rd quarter. Raymond James Financial Inc. now owns 668,913 shares of the company’s stock worth $14,092,000 after acquiring an additional 17,002 shares during the period. Investors Research Corp grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 3.3% during the second quarter. Investors Research Corp now owns 389,733 shares of the company’s stock worth $9,034,000 after purchasing an additional 12,518 shares in the last quarter. UBS Group AG raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 2.9% in the fourth quarter. UBS Group AG now owns 296,426 shares of the company’s stock valued at $6,043,000 after purchasing an additional 8,219 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Invesco High Yield Equity Dividend Achievers ETF by 155.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 268,216 shares of the company’s stock valued at $5,469,000 after purchasing an additional 163,387 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Invesco High Yield Equity Dividend Achievers ETF by 28.2% in the 4th quarter. Royal Bank of Canada now owns 263,179 shares of the company’s stock worth $5,366,000 after buying an additional 57,841 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.