Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY – Get 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
About Invesco High Yield Equity Dividend Achievers ETF
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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