Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Reaches New 1-Year High at $18.39

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $18.39 and last traded at $18.39, with a volume of 300 shares traded. The stock had previously closed at $18.30.

Separately, Canaccord Genuity reiterated a “buy” rating and set a $7.50 price target on shares of in a report on Tuesday, July 9th.

The stock has a fifty day simple moving average of $17.92.

The firm also recently declared a monthly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 25th were issued a dividend of $0.054 per share. The ex-dividend date was Monday, June 24th. This represents a $0.65 dividend on an annualized basis and a yield of 3.52%.

Institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its position in Invesco High Yield Equity Dividend Achievers ETF by 20.4% in the first quarter. Commonwealth Equity Services LLC now owns 201,599 shares of the company’s stock worth $3,602,000 after buying an additional 34,193 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Invesco High Yield Equity Dividend Achievers ETF by 65.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 178,203 shares of the company’s stock worth $3,184,000 after buying an additional 70,711 shares during the last quarter. Resources Investment Advisors Inc. increased its position in Invesco High Yield Equity Dividend Achievers ETF by 0.5% in the first quarter. Resources Investment Advisors Inc. now owns 152,691 shares of the company’s stock worth $2,729,000 after buying an additional 721 shares during the last quarter. MML Investors Services LLC increased its position in Invesco High Yield Equity Dividend Achievers ETF by 44.2% in the first quarter. MML Investors Services LLC now owns 140,969 shares of the company’s stock worth $2,519,000 after buying an additional 43,191 shares during the last quarter. Finally, Howe & Rusling Inc. increased its position in Invesco High Yield Equity Dividend Achievers ETF by 27.0% in the first quarter. Howe & Rusling Inc. now owns 107,682 shares of the company’s stock worth $1,924,000 after buying an additional 22,878 shares during the last quarter.

Invesco High Yield Equity Dividend Achievers ETF Company Profile (NASDAQ:PEY)

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.

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