Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Sets New 52-Week High – Should You Buy?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s share price reached a new 52-week high on Monday . The company 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 firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 14.21 and a beta of 0.87. The firm has a 50 day moving average price of $21.73 and a 200-day moving average price of $20.89.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

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

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

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

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.