Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Reaches New 52-Week High – Still a Buy?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) reached a new 52-week high on Thursday . The company traded as high as $25.12 and last traded at $25.02, with a volume of 55558 shares. The stock had previously closed at $24.83.

Invesco High Yield Equity Dividend Achievers ETF Stock Down 0.1%

The business has a 50-day simple moving average of $23.88 and a 200-day simple moving average of $22.51. The company has a market cap of $1.18 billion, a PE ratio of 13.11 and a beta of 0.65.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 20th were given a $0.0971 dividend. The ex-dividend date was Monday, July 20th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Cardiff Park Advisors LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the third quarter valued at approximately $26,000. Palisade Asset Management LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF during the third quarter worth $82,000. Glenmede Trust Co. NA acquired a new position in Invesco High Yield Equity Dividend Achievers ETF during the first quarter worth $86,000. Private Trust Co. NA grew its holdings 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 buying an additional 1,062 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at $115,000.

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. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.