Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Hits New 52-Week High – Still a Buy?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $22.87 and last traded at $22.75, with a volume of 83138 shares changing hands. The stock had previously closed at $22.65.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 13.11 and a beta of 0.66. The company’s 50 day moving average is $21.92 and its 200 day moving average is $21.38.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

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

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

Hedge funds have recently made changes to their positions in the business. Cardiff Park Advisors LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at $27,000. Spire Wealth Management raised its stake 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 buying an additional 1,505 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at $75,000. Palisade Asset Management LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 3rd quarter valued at $82,000. Finally, Glenmede Trust Co. NA acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at $86,000.

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.