Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Sets New 1-Year High – Here’s What Happened

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $24.07 and last traded at $23.82, with a volume of 133769 shares changing hands. The stock had previously closed at $23.63.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

The business’s 50 day moving average price is $22.70 and its 200 day moving average price is $21.87. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 13.11 and a beta of 0.66.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.0951 dividend. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Monday, June 22nd.

Hedge Funds Weigh In On Invesco High Yield Equity Dividend Achievers ETF

Large investors have recently added to or reduced their stakes in the stock. Cardiff Park Advisors LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter worth about $26,000. Spire Wealth Management boosted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 700.0% during the 4th quarter. Spire Wealth Management now owns 1,720 shares of the company’s stock valued at $35,000 after acquiring an additional 1,505 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at approximately $75,000. Palisade Asset Management LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at approximately $82,000. Finally, Glenmede Trust Co. NA acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter worth approximately $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.