Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Hits New 12-Month High – Here’s What Happened

Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $25.12 and last traded at $25.02, with a volume of 55558 shares. The stock had previously closed at $24.83.

Invesco High Yield Equity Dividend Achievers ETF Trading Up 1.1%

The business’s fifty day moving average is $23.77 and its 200 day moving average is $22.46. The company has a market cap of $1.17 billion, a P/E ratio of 13.11 and a beta of 0.65.

Invesco High Yield Equity Dividend Achievers ETF Dividend Announcement

The company 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

A number of institutional investors have recently made changes to their positions in PEY. Raymond James Financial Inc. increased 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 worth $14,092,000 after acquiring an additional 17,002 shares during the last quarter. Investors Research Corp boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 3.3% during the second quarter. Investors Research Corp now owns 389,733 shares of the company’s stock worth $9,034,000 after purchasing an additional 12,518 shares during the period. UBS Group AG increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.9% in the fourth quarter. UBS Group AG now owns 296,426 shares of the company’s stock worth $6,043,000 after purchasing an additional 8,219 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 155.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 268,216 shares of the company’s stock worth $5,469,000 after purchasing an additional 163,387 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 28.2% in the fourth 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 during the period.

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.