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

Shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $21.55 and traded as low as $18.58. Invesco High Yield Equity Dividend Achievers ETF shares last traded at $19.15, with a volume of 610,875 shares.

Invesco High Yield Equity Dividend Achievers ETF Stock Down 1.7 %

The firm has a fifty day simple moving average of $21.55 and a 200-day simple moving average of $21.73. The company has a market cap of $1.05 billion, a PE ratio of 14.15 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, March 24th.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rialto Wealth Management LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter valued at approximately $25,000. ST Germain D J Co. Inc. purchased a new position in shares of Invesco High Yield Equity Dividend Achievers ETF in the 4th quarter valued at about $32,000. Wagner Wealth Management LLC purchased a new position in Invesco High Yield Equity Dividend Achievers ETF in the fourth quarter valued at about $39,000. US Bancorp DE raised its holdings in Invesco High Yield Equity Dividend Achievers ETF by 244.9% during the fourth quarter. US Bancorp DE now owns 2,014 shares of the company’s stock worth $43,000 after purchasing an additional 1,430 shares during the last quarter. Finally, Synergy Investment Management LLC acquired a new position in shares of Invesco High Yield Equity Dividend Achievers ETF during the 4th quarter worth $68,000.

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.