Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $21.31 and traded as high as $22.17. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $22.12, with a volume of 91,067 shares.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

The company has a market capitalization of $1.08 billion, a P/E ratio of 13.11 and a beta of 0.74. The company’s fifty day simple moving average is $21.31 and its 200-day simple moving average is $21.00.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were paid a dividend of $0.0818 per share. The ex-dividend date was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

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

A number of large investors have recently bought and sold shares of the business. First Citizens Bank & Trust Co. purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF during the second quarter worth $1,581,000. Pasadena Private Wealth LLC raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 6.7% in the 2nd quarter. Pasadena Private Wealth LLC now owns 35,076 shares of the company’s stock worth $716,000 after acquiring an additional 2,191 shares in the last quarter. Kovack Advisors Inc. purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 2nd quarter worth $214,000. Simplex Trading LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF during the second quarter valued at about $38,000. Finally, SouthState Corp boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 7.5% during the second quarter. SouthState Corp now owns 21,986 shares of the company’s stock valued at $449,000 after purchasing an additional 1,525 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. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.