Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Reaches New 52-Week High – Here’s What Happened

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $25.06 and last traded at $25.02, with a volume of 257810 shares trading hands. The stock had previously closed at $24.74.

Invesco High Yield Equity Dividend Achievers ETF Stock Up 1.1%

The firm has a 50 day moving average of $23.60 and a 200-day moving average of $22.36. The company has a market cap of $1.17 billion, a P/E ratio of 13.11 and a beta of 0.65.

Invesco High Yield Equity Dividend Achievers ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 20th were given a dividend of $0.0971 per share. The ex-dividend date of this dividend was Monday, July 20th.

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

Hedge funds have recently modified their holdings of the business. First Trust Advisors LP purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter worth approximately $260,000. Raymond James Financial Inc. lifted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.5% during the second quarter. Raymond James Financial Inc. now owns 651,911 shares of the company’s stock worth $13,306,000 after purchasing an additional 9,533 shares during the period. EP Wealth Advisors LLC boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 32.7% in the second quarter. EP Wealth Advisors LLC now owns 6,896 shares of the company’s stock valued at $141,000 after buying an additional 1,700 shares during the last quarter. MML Investors Services LLC increased its holdings in Invesco High Yield Equity Dividend Achievers ETF by 1.2% in the 2nd quarter. MML Investors Services LLC now owns 67,607 shares of the company’s stock worth $1,380,000 after buying an additional 783 shares during the period. Finally, Captrust Financial Advisors increased its holdings in Invesco High Yield Equity Dividend Achievers ETF by 8.2% in the 2nd quarter. Captrust Financial Advisors now owns 84,466 shares of the company’s stock worth $1,724,000 after buying an additional 6,406 shares during the period.

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.