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

Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw an uptick in trading volume on Monday . 759,893 shares traded hands during trading, an increase of 219% from the previous session’s volume of 238,463 shares.The stock last traded at $20.5160 and had previously closed at $20.56.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

The company has a fifty day simple moving average of $20.66 and a two-hundred day simple moving average of $20.78. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.11 and a beta of 0.74.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 24th were given a dividend of $0.084 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a c) annualized dividend and a yield of 4.9%.

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

Hedge funds have recently bought and sold shares of the company. Signature Estate & Investment Advisors LLC increased its stake in Invesco High Yield Equity Dividend Achievers ETF by 1.2% in the third quarter. Signature Estate & Investment Advisors LLC now owns 47,380 shares of the company’s stock valued at $998,000 after acquiring an additional 562 shares during the last quarter. Mariner LLC boosted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.4% in the 3rd quarter. Mariner LLC now owns 42,121 shares of the company’s stock valued at $887,000 after purchasing an additional 597 shares in the last quarter. Brick & Kyle Associates increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 0.7% in the 2nd quarter. Brick & Kyle Associates now owns 105,613 shares of the company’s stock valued at $2,242,000 after purchasing an additional 723 shares during the last quarter. MML Investors Services LLC increased its stake in shares of 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 valued at $1,380,000 after purchasing an additional 783 shares during the last quarter. Finally, Stolper Co raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 3.2% during the 2nd quarter. Stolper Co now owns 29,786 shares of the company’s stock worth $608,000 after buying an additional 927 shares in the last quarter.

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.