Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY – Get Free Report) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 47,996 shares, a drop of 36.6% from the April 15th total of 75,703 shares. Based on an average trading volume of 218,555 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.
Institutional Investors Weigh In On Invesco High Yield Equity Dividend Achievers ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cardiff Park Advisors LLC purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at $26,000. Spire Wealth Management increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 700.0% in 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 in the last quarter. JPL Wealth Management LLC purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at $75,000. Palisade Asset Management LLC purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at $82,000. Finally, Private Trust Co. NA increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 25.9% in 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 in the last quarter.
Invesco High Yield Equity Dividend Achievers ETF Stock Performance
Invesco High Yield Equity Dividend Achievers ETF stock traded up $0.23 during midday trading on Monday, reaching $21.83. The company’s stock had a trading volume of 367,627 shares, compared to its average volume of 388,183. Invesco High Yield Equity Dividend Achievers ETF has a fifty-two week low of $19.58 and a fifty-two week high of $22.57. The stock’s 50 day simple moving average is $21.55 and its 200 day simple moving average is $21.20. The firm has a market capitalization of $1.03 billion, a PE ratio of 13.11 and a beta of 0.66.
Invesco High Yield Equity Dividend Achievers ETF Increases Dividend
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.
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