Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Sees Unusually-High Trading Volume – Time to Buy?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw an uptick in trading volume on Tuesday . 1,223,522 shares traded hands during trading, an increase of 454% from the previous session’s volume of 220,673 shares.The stock last traded at $20.3350 and had previously closed at $20.00.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

The company’s 50-day simple moving average is $20.73 and its two-hundred day simple moving average is $20.78. The firm has a market capitalization of $1.05 billion, a P/E ratio of 13.11 and a beta of 0.74.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 24th will be paid a $0.084 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a c) annualized dividend and a dividend yield of 4.9%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. AlphaCore Capital LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the first quarter worth about $4,001,000. AdvisorNet Financial Inc lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 82.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 198,020 shares of the company’s stock worth $4,042,000 after purchasing an additional 89,756 shares in the last quarter. Good Steward Wealth Advisors LLC lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 81.2% in the 3rd quarter. Good Steward Wealth Advisors LLC now owns 190,194 shares of the company’s stock worth $4,007,000 after purchasing an additional 85,255 shares in the last quarter. First Citizens Bank & Trust Co. bought a new position in Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter worth approximately $1,581,000. Finally, Flow Traders U.S. LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter valued at approximately $1,290,000.

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.