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

Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $23.46 and last traded at $23.41, with a volume of 98865 shares trading hands. The stock had previously closed at $23.06.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

The stock has a market capitalization of $1.10 billion, a P/E ratio of 13.11 and a beta of 0.66. The firm’s 50 day moving average price is $22.39 and its 200 day moving average price is $21.66.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be given a dividend of $0.0951 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a c) dividend on an annualized basis and a yield of 4.9%.

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

A number of large investors have recently made changes to their positions in PEY. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 155.9% in the fourth 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 in the last quarter. Fifth Third Bancorp boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1,078.4% during 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 in the last quarter. Virtu Financial LLC boosted its stake in shares of 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 valued at $1,715,000 after purchasing an additional 67,392 shares in the last quarter. Royal Bank of Canada increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 28.2% during the fourth quarter. Royal Bank of Canada now owns 263,179 shares of the company’s stock valued at $5,366,000 after buying an additional 57,841 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the third quarter valued at about $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.