Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Sees Large Volume Increase – Should You Buy?

Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw unusually-high trading volume on Friday . Approximately 603,738 shares traded hands during trading, an increase of 134% from the previous session’s volume of 257,772 shares.The stock last traded at $20.6540 and had previously closed at $20.74.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

The company has a fifty day moving average of $20.54 and a two-hundred day moving average of $20.80. The stock has a market capitalization of $1.06 billion, a P/E ratio of 13.11 and a beta of 0.74.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 24th were paid a dividend of $0.084 per share. The ex-dividend date was Monday, November 24th. This represents a c) annualized dividend and a yield of 4.9%.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

Several institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. lifted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.5% in the 1st quarter. Raymond James Financial Inc. now owns 642,378 shares of the company’s stock worth $13,792,000 after buying an additional 9,496 shares during the last quarter. Capital Analysts LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF in the first quarter worth about $27,000. Flow Traders U.S. LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the first quarter valued at approximately $1,290,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 16.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 130,505 shares of the company’s stock valued at $2,802,000 after purchasing an additional 18,006 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 69.5% during the first quarter. Comerica Bank now owns 77,802 shares of the company’s stock valued at $1,670,000 after purchasing an additional 31,898 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.