Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Sees Strong Trading Volume – What’s Next?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw an uptick in trading volume on Monday . 139,945 shares traded hands during mid-day trading, an increase of 8% from the previous session’s volume of 129,962 shares.The stock last traded at $21.35 and had previously closed at $21.29.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

The company has a market cap of $1.18 billion, a P/E ratio of 14.21 and a beta of 0.87. The stock has a 50-day moving average of $21.95 and a two-hundred day moving average of $21.44.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

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

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fortitude Family Office LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at $31,000. Farther Finance Advisors LLC grew its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 889.7% in the third quarter. Farther Finance Advisors LLC now owns 4,424 shares of the company’s stock worth $97,000 after purchasing an additional 3,977 shares during the last quarter. Financial Insights Inc. increased its holdings in Invesco High Yield Equity Dividend Achievers ETF by 3.7% during the 3rd quarter. Financial Insights Inc. now owns 14,100 shares of the company’s stock valued at $309,000 after purchasing an additional 500 shares during the period. Capital Investment Advisors LLC bought a new position in Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter valued at approximately $376,000. Finally, Eagle Strategies LLC purchased a new stake in Invesco High Yield Equity Dividend Achievers ETF in the 2nd quarter worth approximately $418,000.

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.