Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Reaches New 52-Week High – Time to Buy?

Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEYGet Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $23.24 and last traded at $23.05, with a volume of 227021 shares trading hands. The stock had previously closed at $22.96.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

The stock has a market cap of $1.09 billion, a P/E ratio of 13.11 and a beta of 0.66. The company’s 50 day moving average price is $22.06 and its 200-day moving average price is $21.46.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were paid a $0.0906 dividend. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Monday, May 18th. This is a positive change from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.08.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

Several institutional investors have recently made changes to their positions in the company. Comerica Bank grew its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 0.7% in the 4th quarter. Comerica Bank now owns 78,115 shares of the company’s stock worth $1,592,000 after acquiring an additional 522 shares in the last quarter. Sovereign Financial Group Inc. grew its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.7% in the 1st quarter. Sovereign Financial Group Inc. now owns 20,198 shares of the company’s stock worth $433,000 after acquiring an additional 526 shares in the last quarter. Stolper Co grew its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.8% in the 4th quarter. Stolper Co now owns 30,267 shares of the company’s stock worth $617,000 after acquiring an additional 548 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 35,547 shares of the company’s stock worth $725,000 after acquiring an additional 584 shares in the last quarter. Finally, Mariner LLC grew its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.4% in the 3rd quarter. Mariner LLC now owns 42,121 shares of the company’s stock worth $887,000 after acquiring an additional 597 shares in the last quarter.

About Invesco High Yield Equity Dividend Achievers ETF

(Get Free Report)

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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