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

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $21.52 and traded as high as $22.36. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $22.20, with a volume of 198,361 shares trading hands.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 0.7%

The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.11 and a beta of 0.66. The stock’s 50 day moving average is $21.52 and its 200 day moving average is $21.16.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 20th were issued a $0.0818 dividend. This is a positive change from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, April 20th. This represents a c) dividend on an annualized basis and a yield of 4.4%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 2.6% in the 3rd quarter. Raymond James Financial Inc. now owns 668,913 shares of the company’s stock valued at $14,092,000 after purchasing an additional 17,002 shares in the last quarter. Investors Research Corp lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 5.1% in the 4th quarter. Investors Research Corp now owns 359,092 shares of the company’s stock valued at $7,320,000 after purchasing an additional 17,584 shares in the last quarter. UBS Group AG lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 2.9% in the 4th quarter. UBS Group AG now owns 296,426 shares of the company’s stock valued at $6,043,000 after purchasing an additional 8,219 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 purchasing an additional 163,387 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 28.2% in the 4th quarter. Royal Bank of Canada now owns 263,179 shares of the company’s stock valued at $5,366,000 after purchasing an additional 57,841 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.