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

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $21.54 and traded as high as $21.76. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $21.60, with a volume of 308,548 shares trading hands.

Invesco High Yield Equity Dividend Achievers ETF Stock Down 0.1%

The company has a market capitalization of $1.02 billion, a P/E ratio of 13.11 and a beta of 0.66. The company has a 50-day moving average of $21.54 and a two-hundred day moving average of $21.19.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 24th. Investors of record on Monday, April 20th were given a dividend of $0.0818 per share. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Monday, April 20th.

Institutional Investors Weigh In On Invesco High Yield Equity Dividend Achievers ETF

Hedge funds have recently made changes to their positions in the company. Cardiff Park Advisors LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the third quarter valued at approximately $26,000. Spire Wealth Management raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 700.0% during the fourth quarter. Spire Wealth Management now owns 1,720 shares of the company’s stock valued at $35,000 after buying an additional 1,505 shares during the last quarter. JPL Wealth Management LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the third quarter valued at $75,000. Palisade Asset Management LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the third quarter valued at $82,000. Finally, Private Trust Co. NA raised its stake in Invesco High Yield Equity Dividend Achievers ETF by 25.9% during the fourth quarter. Private Trust Co. NA now owns 5,161 shares of the company’s stock valued at $105,000 after buying an additional 1,062 shares during the last quarter.

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.