Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $22.26 and traded as high as $22.90. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $22.83, with a volume of 224,287 shares changing hands.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

The stock’s 50-day moving average price is $22.26 and its 200 day moving average price is $21.58. The firm has a market cap of $1.08 billion, a P/E ratio of 13.11 and a beta of 0.66.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were given a dividend of $0.0906 per share. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Monday, May 18th. This represents a c) annualized dividend and a yield of 4.8%.

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

A number of large investors have recently modified their holdings of the business. Comerica Bank grew its holdings in shares of Invesco High Yield Equity Dividend Achievers ETF by 0.7% in the 4th quarter. Comerica Bank now owns 78,115 shares of the company’s stock valued at $1,592,000 after acquiring an additional 522 shares in the last quarter. Sovereign Financial Group Inc. raised its holdings in Invesco High Yield Equity Dividend Achievers ETF by 2.7% during the first quarter. Sovereign Financial Group Inc. now owns 20,198 shares of the company’s stock worth $433,000 after acquiring an additional 526 shares in the last quarter. Stolper Co boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 1.8% during the fourth quarter. Stolper Co now owns 30,267 shares of the company’s stock valued at $617,000 after purchasing an additional 548 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 1.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 35,547 shares of the company’s stock valued at $725,000 after purchasing an additional 584 shares during the last quarter. Finally, Mariner LLC boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 1.4% during the third quarter. Mariner LLC now owns 42,121 shares of the company’s stock valued at $887,000 after purchasing an additional 597 shares during 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. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.