Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Reaches New 12-Month High at $21.85

Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) reached a new 52-week high on Tuesday . The stock traded as high as $21.85 and last traded at $21.80, with a volume of 9720 shares trading hands. The stock had previously closed at $21.74.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

The business’s 50-day moving average price is $21.21 and its 200-day moving average price is $20.39. The firm has a market capitalization of $1.25 billion, a PE ratio of 14.21 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 19th were paid a $0.076 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.91 dividend on an annualized basis and a yield of 4.20%.

Institutional Investors Weigh In On Invesco High Yield Equity Dividend Achievers ETF

Hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC raised its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 8.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 54,285 shares of the company’s stock worth $1,148,000 after purchasing an additional 4,316 shares during the last quarter. Focus Financial Network Inc. ADV purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth $504,000. New Republic Capital LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter worth $464,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 6.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 28,615 shares of the company’s stock valued at $605,000 after acquiring an additional 1,835 shares in the last quarter. Finally, Waverly Advisors LLC increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.9% during the fourth quarter. Waverly Advisors LLC now owns 331,334 shares of the company’s stock worth $7,004,000 after acquiring an additional 6,084 shares during the period.

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.