Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Reaches New 12-Month High – What’s Next?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) shares hit a new 52-week high on Monday . The stock traded as high as $22.46 and last traded at $22.41, with a volume of 105095 shares traded. The stock had previously closed at $22.04.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 14.21 and a beta of 0.87. The stock has a fifty day simple moving average of $21.73 and a 200-day simple moving average of $20.89.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were issued a $0.09 dividend. This represents a $1.08 annualized dividend and a yield of 4.87%. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, October 21st.

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

Several hedge funds and other institutional investors have recently made changes to their positions in PEY. FMR LLC boosted its stake in Invesco High Yield Equity Dividend Achievers ETF by 8.8% during the 3rd quarter. FMR LLC now owns 21,861 shares of the company’s stock worth $479,000 after purchasing an additional 1,765 shares during the last quarter. Capital Investment Counsel LLC grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 2.1% in the 3rd quarter. Capital Investment Counsel LLC now owns 356,629 shares of the company’s stock valued at $7,821,000 after buying an additional 7,324 shares in the last quarter. Meridian Wealth Management LLC increased its position in Invesco High Yield Equity Dividend Achievers ETF by 7.2% during the third quarter. Meridian Wealth Management LLC now owns 192,444 shares of the company’s stock worth $4,220,000 after purchasing an additional 12,965 shares during the last quarter. Investors Research Corp boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 7.2% in the 3rd quarter. Investors Research Corp now owns 261,700 shares of the company’s stock valued at $5,739,000 after purchasing an additional 17,500 shares during the last quarter. Finally, Prospera Financial Services Inc grew its position in Invesco High Yield Equity Dividend Achievers ETF by 2.6% in the third quarter. Prospera Financial Services Inc now owns 36,814 shares of the company’s stock worth $807,000 after acquiring an additional 932 shares during the period.

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.