Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Shares Cross Above Fifty Day Moving Average – Here’s Why

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $21.52 and traded as high as $22.36. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $22.20, with a volume of 198,361 shares traded.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 0.7%

The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.11 and a beta of 0.66. The stock’s 50 day moving average price is $21.52 and its two-hundred day moving average price is $21.16.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 24th. Investors of record on Monday, April 20th were paid a $0.0818 dividend. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, April 20th. This is a positive change from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.07.

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

A number of large investors have recently added to or reduced their stakes in PEY. Cardiff Park Advisors LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at about $26,000. Spire Wealth Management grew its stake in Invesco High Yield Equity Dividend Achievers ETF by 700.0% in the 4th quarter. Spire Wealth Management now owns 1,720 shares of the company’s stock valued at $35,000 after acquiring an additional 1,505 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at about $75,000. Palisade Asset Management LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at about $82,000. Finally, Private Trust Co. NA grew its stake in Invesco High Yield Equity Dividend Achievers ETF by 25.9% in the 4th quarter. Private Trust Co. NA now owns 5,161 shares of the company’s stock valued at $105,000 after acquiring an additional 1,062 shares during 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. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.