Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Hits New 1-Year High – Should You Buy?

Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY – Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $22.57 and last traded at $22.56, with a volume of 21705 shares. The stock had previously closed at $22.40.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

The stock has a market cap of $1.07 billion, a P/E ratio of 13.11 and a beta of 0.66. The business’s fifty day moving average price is $21.74 and its 200 day moving average price is $21.29.

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Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 18th were issued a $0.0906 dividend. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.08. The ex-dividend date was Monday, May 18th. This represents a c) dividend on an annualized basis and a yield of 4.8%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its position in Invesco High Yield Equity Dividend Achievers ETF by 155.9% in the 4th 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. Good Steward Wealth Advisors LLC boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 81.2% during the 3rd quarter. Good Steward Wealth Advisors LLC now owns 190,194 shares of the company’s stock worth $4,007,000 after acquiring an additional 85,255 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 1,078.4% during the 1st quarter. Fifth Third Bancorp now owns 76,997 shares of the company’s stock worth $1,649,000 after acquiring an additional 70,463 shares during the last quarter. Virtu Financial LLC boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 402.6% during the 4th quarter. Virtu Financial LLC now owns 84,130 shares of the company’s stock worth $1,715,000 after acquiring an additional 67,392 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 28.2% during the 4th quarter. Royal Bank of Canada now owns 263,179 shares of the company’s stock worth $5,366,000 after acquiring an additional 57,841 shares during the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Company Profile

(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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