Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Reaches New 1-Year High – What’s Next?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) shares reached a new 52-week high during trading on Thursday . The company traded as high as $23.64 and last traded at $23.47, with a volume of 192721 shares. The stock had previously closed at $23.18.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 1.3%

The firm has a market capitalization of $1.11 billion, a PE ratio of 13.11 and a beta of 0.66. The company has a fifty day moving average price of $22.50 and a two-hundred day moving average price of $21.74.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.0951 dividend. The ex-dividend date was Monday, June 22nd. This represents a c) dividend on an annualized basis and a yield of 4.9%.

Hedge Funds Weigh In On Invesco High Yield Equity Dividend Achievers ETF

A number of hedge funds have recently modified their holdings of PEY. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 155.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 268,216 shares of the company’s stock valued at $5,469,000 after acquiring an additional 163,387 shares during the period. Fifth Third Bancorp raised its position in Invesco High Yield Equity Dividend Achievers ETF by 1,078.4% in the 1st quarter. Fifth Third Bancorp now owns 76,997 shares of the company’s stock valued at $1,649,000 after purchasing an additional 70,463 shares during the last quarter. Virtu Financial LLC boosted its stake in Invesco High Yield Equity Dividend Achievers ETF by 402.6% during the 4th quarter. Virtu Financial LLC now owns 84,130 shares of the company’s stock worth $1,715,000 after purchasing an additional 67,392 shares during the period. Royal Bank of Canada grew its position in Invesco High Yield Equity Dividend Achievers ETF by 28.2% during the 4th quarter. Royal Bank of Canada now owns 263,179 shares of the company’s stock worth $5,366,000 after purchasing an additional 57,841 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter worth $636,000.

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.