Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $24.35 and traded as high as $24.99. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $24.85, with a volume of 345,238 shares changing hands.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 0.7%

The stock has a fifty day moving average of $24.39 and a two-hundred day moving average of $22.79. The stock has a market capitalization of $1.16 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 announced a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were paid a $0.0932 dividend. The ex-dividend date was Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its stake 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 valued at $5,469,000 after buying an additional 163,387 shares during the period. Virtu Financial LLC lifted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 402.6% during the fourth 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. Fifth Third Bancorp lifted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1,078.4% during the first 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. SouthState Bank Corp boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 5.0% in the fourth quarter. SouthState Bank Corp now owns 30,595 shares of the company’s stock valued at $624,000 after acquiring an additional 1,469 shares during the last quarter. Finally, Pasadena Private Wealth LLC boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 6.6% in the fourth quarter. Pasadena Private Wealth LLC now owns 38,576 shares of the company’s stock valued at $786,000 after acquiring an additional 2,372 shares during 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.