Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Share Price Passes Below Fifty Day Moving Average of $19.93

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEYGet Free Report)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $19.93 and traded as low as $19.34. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $19.40, with a volume of 214,286 shares.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

The business’s 50 day moving average price is $19.93 and its 200-day moving average price is $20.12. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 14.21 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a dividend of $0.0715 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.86 annualized dividend and a yield of 4.42%.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 18.5% during the third quarter. Envestnet Asset Management Inc. now owns 258,210 shares of the company’s stock valued at $4,955,000 after buying an additional 40,341 shares during the period. Revisor Wealth Management LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the third quarter worth $277,000. Integrated Advisors Network LLC grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 4.0% during the 3rd quarter. Integrated Advisors Network LLC now owns 81,459 shares of the company’s stock valued at $1,563,000 after purchasing an additional 3,112 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at $103,000. Finally, B. Riley Wealth Advisors Inc. grew its holdings in Invesco High Yield Equity Dividend Achievers ETF by 27.7% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 27,027 shares of the company’s stock valued at $519,000 after purchasing an additional 5,870 shares in the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Company Profile

(Get Free Report)

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.

Further Reading

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