Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Hits New 1-Year High – Should You Buy?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $23.46 and last traded at $23.41, with a volume of 98865 shares. The stock had previously closed at $23.06.

Invesco High Yield Equity Dividend Achievers ETF Stock Up 1.9%

The stock has a market cap of $1.11 billion, a PE ratio of 13.11 and a beta of 0.66. The company’s fifty day moving average is $22.42 and its 200 day moving average is $21.68.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

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

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

A number of institutional investors have recently added to or reduced their stakes in PEY. Comerica Bank raised its position in Invesco High Yield Equity Dividend Achievers ETF by 0.7% in the fourth quarter. Comerica Bank now owns 78,115 shares of the company’s stock valued at $1,592,000 after purchasing an additional 522 shares during the period. Sovereign Financial Group Inc. boosted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.7% in the first quarter. Sovereign Financial Group Inc. now owns 20,198 shares of the company’s stock worth $433,000 after buying an additional 526 shares during the period. Stolper Co boosted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.8% in the fourth quarter. Stolper Co now owns 30,267 shares of the company’s stock worth $617,000 after buying an additional 548 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 35,547 shares of the company’s stock valued at $725,000 after buying an additional 584 shares in the last quarter. Finally, Mariner LLC raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.4% during the 3rd quarter. Mariner LLC now owns 42,121 shares of the company’s stock valued at $887,000 after buying an additional 597 shares during the period.

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.