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

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $25.45 and last traded at $25.42, with a volume of 55155 shares traded. The stock had previously closed at $25.08.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 13.11 and a beta of 0.65. The firm’s fifty day moving average is $24.04 and its 200 day moving average is $22.62.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

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

Institutional Investors Weigh In On Invesco High Yield Equity Dividend Achievers ETF

Large investors have recently bought and sold shares of the company. Investors Research Corp lifted its stake in Invesco High Yield Equity Dividend Achievers ETF by 3.3% in the 2nd quarter. Investors Research Corp now owns 389,733 shares of the company’s stock valued at $9,034,000 after acquiring an additional 12,518 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter worth approximately $189,000. Glenmede Trust Co. NA acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 1st quarter worth $86,000. Cardiff Park Advisors LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF in the first quarter valued at approximately $27,000. Finally, Wealth Alliance LLC lifted its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.0% in the first quarter. Wealth Alliance LLC now owns 86,798 shares of the company’s stock worth $1,859,000 after acquiring an additional 1,696 shares during 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.