Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Reaches New 1-Year High – Still a Buy?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) shares hit a new 52-week high during trading on Friday . The stock traded as high as $25.06 and last traded at $25.02, with a volume of 257810 shares. The stock had previously closed at $24.74.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

The business’s fifty day simple moving average is $23.60 and its 200 day simple moving average is $22.36. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 13.11 and a beta of 0.65.

Invesco High Yield Equity Dividend Achievers ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were paid a $0.0971 dividend. The ex-dividend date was Monday, July 20th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Cardiff Park Advisors LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF during the third quarter valued at approximately $26,000. Palisade Asset Management LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the third quarter worth approximately $82,000. Glenmede Trust Co. NA acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the first quarter worth approximately $86,000. Private Trust Co. NA grew its position in Invesco High Yield Equity Dividend Achievers ETF by 25.9% during the fourth quarter. Private Trust Co. NA now owns 5,161 shares of the company’s stock valued at $105,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new position in Invesco High Yield Equity Dividend Achievers ETF in the 1st quarter valued at approximately $115,000.

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.