Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Reaches New 1-Year High at $18.59

Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) hit a new 52-week high during trading on Wednesday . The company traded as high as $18.59 and last traded at $18.58, with a volume of 164572 shares traded. The stock had previously closed at $18.33.

Separately, Canaccord Genuity restated an “average” rating and issued a $7.00 target price on shares of Invesco High Yield Equity Dividend Achievers ETF in a research note on Tuesday, July 9th.

The business has a 50 day moving average of $17.82 and a 200 day moving average of $17.92.

The company also recently announced a monthly dividend, which was paid on Friday, August 30th. Investors of record on Tuesday, August 20th were paid a $0.062 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 4.01%. This is a positive change from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.06. The ex-dividend date was Monday, August 19th.

Several hedge funds and other institutional investors have recently modified their holdings of PEY. Investors Research Corp purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the second quarter worth about $37,000. Doyle Wealth Management acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter valued at about $37,000. First PREMIER Bank acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter valued at about $40,000. Thompson Siegel & Walmsley LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at about $60,000. Finally, Certified Advisory Corp boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 244.3% in the 2nd quarter. Certified Advisory Corp now owns 3,887 shares of the company’s stock valued at $71,000 after purchasing an additional 2,758 shares during the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Company Profile (NASDAQ:PEY)

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.

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