Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY – Get Free Report) reached a new 52-week high on Wednesday. The stock traded as high as $25.49 and last traded at $25.4570, with a volume of 670,376 shares trading hands. The stock had previously closed at $24.56.
Invesco High Yield Equity Dividend Achievers ETF Price Performance
The stock’s fifty day simple moving average is $23.82 and its two-hundred day simple moving average is $22.88. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 13.11 and a beta of 0.67.
Invesco High Yield Equity Dividend Achievers ETF Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a dividend of $0.0932 per share. The ex-dividend date was Monday, August 24th. This represents a $1.12 annualized dividend and a yield of 4.4%.
Hedge Funds Weigh In On Invesco High Yield Equity Dividend Achievers ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of PEY. Investors Research Corp raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 3.9% during the 3rd quarter. Investors Research Corp now owns 404,850 shares of the company’s stock worth $9,236,000 after purchasing an additional 15,117 shares during the period. AlphaCore Capital LLC grew its stake in Invesco High Yield Equity Dividend Achievers ETF by 2.3% during the 3rd quarter. AlphaCore Capital LLC now owns 171,636 shares of the company’s stock worth $3,916,000 after buying an additional 3,873 shares during the last quarter. Cresta Advisors Ltd. lifted its stake in Invesco High Yield Equity Dividend Achievers ETF by 12.6% in the third quarter. Cresta Advisors Ltd. now owns 135,354 shares of the company’s stock valued at $3,088,000 after buying an additional 15,121 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at $3,045,000. Finally, Aspire Capital Advisors LLC increased its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 36.6% in the 2nd quarter. Aspire Capital Advisors LLC now owns 93,653 shares of the company’s stock worth $2,171,000 after acquiring an additional 25,087 shares during the period.
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.
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