Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Sets New 52-Week High at $22.01

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $22.01 and last traded at $21.99, with a volume of 77274 shares traded. The stock had previously closed at $21.69.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

The business has a fifty day moving average of $21.33 and a 200 day moving average of $20.47. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 14.21 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 23rd will be paid a $0.074 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $0.89 annualized dividend and a dividend yield of 4.06%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Chilton Capital Management LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the first quarter valued at $31,000. Fifth Third Bancorp raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 81.7% in the second quarter. Fifth Third Bancorp now owns 3,634 shares of the company’s stock valued at $71,000 after buying an additional 1,634 shares during the last quarter. CWM LLC raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 164.6% in the second quarter. CWM LLC now owns 4,213 shares of the company’s stock valued at $83,000 after buying an additional 2,621 shares during the last quarter. Bristlecone Advisors LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the second quarter valued at about $106,000. Finally, Chicago Partners Investment Group LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter valued at about $244,000.

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.