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

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $21.98 and traded as low as $21.07. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $21.29, with a volume of 141,330 shares traded.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

The firm has a 50-day moving average of $21.98 and a 200-day moving average of $21.40. The firm has a market capitalization of $1.20 billion, a P/E ratio of 14.21 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.083 per share. The ex-dividend date of this dividend was Monday, December 23rd. This is a boost from Invesco High Yield Equity Dividend Achievers ETF’s previous dividend of $0.08.

Institutional Trading of Invesco High Yield Equity Dividend Achievers ETF

Institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC bought a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF in the second quarter worth $3,451,000. Virtu Financial LLC boosted its position in Invesco High Yield Equity Dividend Achievers ETF by 259.6% in the second quarter. Virtu Financial LLC now owns 174,791 shares of the company’s stock worth $3,433,000 after purchasing an additional 126,180 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 182.2% during the 2nd quarter. Axxcess Wealth Management LLC now owns 147,955 shares of the company’s stock valued at $2,906,000 after purchasing an additional 95,521 shares during the period. Benjamin Edwards Inc. purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at about $1,157,000. Finally, LPL Financial LLC lifted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 2.5% in the 2nd quarter. LPL Financial LLC now owns 1,927,190 shares of the company’s stock worth $37,850,000 after purchasing an additional 46,323 shares during the period.

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.