Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Sees Strong Trading Volume – Here’s What Happened

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) shares saw unusually-high trading volume on Monday . Approximately 746,831 shares changed hands during trading, an increase of 142% from the previous session’s volume of 308,754 shares.The stock last traded at $20.86 and had previously closed at $20.60.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 13.11 and a beta of 0.74. The firm’s fifty day moving average is $21.55 and its 200-day moving average is $21.02.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a dividend of $0.0808 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 4.6%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PEY. Cardiff Park Advisors LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the third quarter worth $26,000. Spire Wealth Management boosted its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 700.0% during the 4th quarter. Spire Wealth Management now owns 1,720 shares of the company’s stock worth $35,000 after purchasing an additional 1,505 shares in the last quarter. Hurley Capital LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 2nd quarter worth about $41,000. JPL Wealth Management LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at about $75,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at about $82,000.

About Invesco High Yield Equity Dividend Achievers ETF

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.