Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $21.98 and traded as low as $21.07. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $21.29, with a volume of 141,330 shares changing hands.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 0.6 %

The firm has a market cap of $1.20 billion, a PE ratio of 14.21 and a beta of 0.87. The firm has a fifty day simple moving average of $21.98 and a two-hundred day simple moving average of $21.40.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a $0.083 dividend. This is a positive change from Invesco High Yield Equity Dividend Achievers ETF’s previous dividend of $0.08. The ex-dividend date of this dividend was Monday, December 23rd.

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

Large investors have recently modified their holdings of the stock. Synovus Financial Corp lifted its position in Invesco High Yield Equity Dividend Achievers ETF by 17.3% during the third quarter. Synovus Financial Corp now owns 19,077 shares of the company’s stock valued at $418,000 after buying an additional 2,816 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 35.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 233,351 shares of the company’s stock worth $5,313,000 after acquiring an additional 60,693 shares in the last quarter. Cresta Advisors Ltd. lifted its position in Invesco High Yield Equity Dividend Achievers ETF by 1.6% during the 3rd quarter. Cresta Advisors Ltd. now owns 97,319 shares of the company’s stock valued at $2,134,000 after acquiring an additional 1,566 shares during the period. Stifel Financial Corp boosted its stake in Invesco High Yield Equity Dividend Achievers ETF by 48.2% during the third quarter. Stifel Financial Corp now owns 57,844 shares of the company’s stock worth $1,269,000 after acquiring an additional 18,823 shares in the last quarter. Finally, IHT Wealth Management LLC increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 28.1% during the third quarter. IHT Wealth Management LLC now owns 43,978 shares of the company’s stock valued at $963,000 after purchasing an additional 9,648 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.