Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $21.52 and traded as low as $21.14. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $21.24, with a volume of 1,034,361 shares changing hands.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 13.11 and a beta of 0.74. The business has a fifty day moving average of $21.52 and a 200 day moving average of $21.01.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.0711 per share. The ex-dividend date was Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

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

Several institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 35,547 shares of the company’s stock worth $725,000 after acquiring an additional 584 shares in the last quarter. World Investment Advisors bought a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter valued at approximately $240,000. Virtu Financial LLC lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 402.6% in the 4th quarter. Virtu Financial LLC now owns 84,130 shares of the company’s stock worth $1,715,000 after purchasing an additional 67,392 shares during the last quarter. Beacon Pointe Advisors LLC lifted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 13.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 61,477 shares of the company’s stock worth $1,253,000 after purchasing an additional 7,190 shares during the last quarter. Finally, Evolve Private Wealth LLC bought a new stake in Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter worth approximately $391,000.

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. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.