Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Hits New 1-Year High at $19.32

Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) hit a new 52-week high on Thursday . The stock traded as high as $19.32 and last traded at $19.31, with a volume of 17095 shares. The stock had previously closed at $19.20.

The company’s fifty day moving average price is $18.77 and its two-hundred day moving average price is $18.28.

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 24th were issued a dividend of $0.0675 per share. The ex-dividend date was Monday, December 23rd. This represents a $0.81 annualized dividend and a dividend yield of 4.19%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley grew its position in Invesco High Yield Equity Dividend Achievers ETF by 7.9% in the second quarter. Morgan Stanley now owns 1,641,588 shares of the company’s stock valued at $29,779,000 after acquiring an additional 120,329 shares in the last quarter. Atria Investments LLC purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 2nd quarter valued at approximately $322,000. WT Wealth Management bought a new position in Invesco High Yield Equity Dividend Achievers ETF during the third quarter worth $788,000. LexAurum Advisors LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF during the third quarter worth $603,000. Finally, Madrona Funds LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF during the third quarter worth $366,000.

About Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)

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.

Read More: What causes a recession?

Receive News & Ratings for Invesco High Yield Equity Dividend Achievers ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco High Yield Equity Dividend Achievers ETF and related companies with MarketBeat.com's FREE daily email newsletter.