Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Sees Large Volume Increase – Should You Buy?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw an uptick in trading volume on Friday . 217,910 shares traded hands during trading, a decline of 15% from the previous session’s volume of 256,128 shares.The stock last traded at $20.99 and had previously closed at $20.92.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

The stock’s fifty day moving average is $21.56 and its 200-day moving average is $21.04. The stock has a market capitalization of $1.03 billion, a PE ratio of 13.11 and a beta of 0.74.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were given a $0.0808 dividend. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.

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

A number of institutional investors have recently modified their holdings of the business. Cardiff Park Advisors LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF during the third quarter worth approximately $26,000. Spire Wealth Management increased its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 700.0% in the fourth quarter. Spire Wealth Management now owns 1,720 shares of the company’s stock valued at $35,000 after buying an additional 1,505 shares in the last quarter. Simplex Trading LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the second quarter valued at approximately $38,000. Hurley Capital LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 2nd quarter worth approximately $41,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter worth approximately $75,000.

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.