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 – Get Free Report)’s stock price 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 changing hands.

Invesco High Yield Equity Dividend Achievers ETF Stock Down 0.1%

The company has a fifty day simple moving average of $21.54 and a 200-day simple moving average of $21.19. The firm has a market cap of $1.02 billion, a P/E ratio of 13.11 and a beta of 0.66.

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Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 20th were issued 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 yield of 4.5%. The ex-dividend date of this dividend was Monday, April 20th.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

Several hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 2.6% during the third quarter. Raymond James Financial Inc. now owns 668,913 shares of the company’s stock valued at $14,092,000 after purchasing an additional 17,002 shares during the period. Investors Research Corp grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 5.1% during the fourth quarter. Investors Research Corp now owns 359,092 shares of the company’s stock valued at $7,320,000 after purchasing an additional 17,584 shares during the period. UBS Group AG grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 2.9% during the fourth quarter. UBS Group AG now owns 296,426 shares of the company’s stock valued at $6,043,000 after purchasing an additional 8,219 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 155.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 268,216 shares of the company’s stock valued at $5,469,000 after purchasing an additional 163,387 shares during the period. Finally, Royal Bank of Canada grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 28.2% during the fourth quarter. Royal Bank of Canada now owns 263,179 shares of the company’s stock valued at $5,366,000 after purchasing an additional 57,841 shares during the period.

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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