Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Shares Cross Above 50 Day Moving Average – Here’s Why

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $22.26 and traded as high as $22.90. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $22.83, with a volume of 224,287 shares.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

The company has a market cap of $1.08 billion, a price-to-earnings ratio of 13.11 and a beta of 0.66. The firm has a fifty day moving average price of $22.26 and a 200 day moving average price of $21.58.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 18th were issued a dividend of $0.0906 per share. The ex-dividend date was Monday, May 18th. This is a positive change from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a yield of 4.8%.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

Large investors have recently added to or reduced their stakes in the company. Cardiff Park Advisors LLC bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at about $27,000. Spire Wealth Management raised its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 700.0% in the 4th quarter. Spire Wealth Management now owns 1,720 shares of the company’s stock valued at $35,000 after purchasing an additional 1,505 shares during the period. JPL Wealth Management LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at about $75,000. Palisade Asset Management LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at about $82,000. Finally, Glenmede Trust Co. NA acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at about $86,000.

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.