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

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

Invesco High Yield Equity Dividend Achievers ETF Price Performance

The stock’s fifty day simple moving average is $21.12 and its 200-day simple moving average is $20.37. The stock has a market cap of $1.25 billion, a P/E 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 was paid on Friday, August 23rd. Investors of record on Monday, August 19th were paid a dividend of $0.076 per share. 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 4.18%.

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

Several large investors have recently added to or reduced their stakes in PEY. Stolper Co increased its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.1% in the 2nd quarter. Stolper Co now owns 29,077 shares of the company’s stock worth $571,000 after acquiring an additional 610 shares during the period. RFG Advisory LLC increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.0% in the second quarter. RFG Advisory LLC now owns 38,476 shares of the company’s stock valued at $756,000 after purchasing an additional 737 shares during the period. Mather Group LLC. raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 8.7% during the second quarter. Mather Group LLC. now owns 12,501 shares of the company’s stock valued at $258,000 after buying an additional 1,005 shares during the last quarter. Pasadena Private Wealth LLC boosted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 4.0% during the second quarter. Pasadena Private Wealth LLC now owns 28,561 shares of the company’s stock worth $561,000 after buying an additional 1,099 shares during the period. Finally, Brick & Kyle Associates grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 1.1% in the 2nd quarter. Brick & Kyle Associates now owns 98,778 shares of the company’s stock worth $1,940,000 after buying an additional 1,107 shares in the last quarter.

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.