Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Reaches New 1-Year High – Still a Buy?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $25.06 and last traded at $25.02, with a volume of 257810 shares changing hands. The stock had previously closed at $24.74.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

The firm has a market cap of $1.17 billion, a PE ratio of 13.11 and a beta of 0.65. The company’s 50-day simple moving average is $23.64 and its two-hundred day simple moving average is $22.38.

Invesco High Yield Equity Dividend Achievers ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 20th were paid a dividend of $0.0971 per share. The ex-dividend date of this dividend was Monday, July 20th.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

Several large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 155.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 268,216 shares of the company’s stock worth $5,469,000 after buying an additional 163,387 shares during the period. Fifth Third Bancorp lifted its position in Invesco High Yield Equity Dividend Achievers ETF by 1,078.4% during the 1st quarter. Fifth Third Bancorp now owns 76,997 shares of the company’s stock valued at $1,649,000 after acquiring an additional 70,463 shares during the period. Virtu Financial LLC lifted its position in Invesco High Yield Equity Dividend Achievers ETF by 402.6% during the 4th quarter. Virtu Financial LLC now owns 84,130 shares of the company’s stock valued at $1,715,000 after acquiring an additional 67,392 shares during the period. Royal Bank of Canada boosted its stake in Invesco High Yield Equity Dividend Achievers ETF by 28.2% during the fourth quarter. Royal Bank of Canada now owns 263,179 shares of the company’s stock worth $5,366,000 after acquiring an additional 57,841 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in Invesco High Yield Equity Dividend Achievers ETF during the third quarter worth about $636,000.

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.