Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Sees Strong Trading Volume – Time to Buy?

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) shares 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 Price Performance

The stock has a 50 day moving average price of $21.95 and a two-hundred day moving average price of $21.44. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 14.21 and a beta of 0.87.

Invesco High Yield Equity Dividend Achievers ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.083 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is an increase from Invesco High Yield Equity Dividend Achievers ETF’s previous dividend of $0.08.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Financial Insights Inc. raised its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 3.7% during the third quarter. Financial Insights Inc. now owns 14,100 shares of the company’s stock worth $309,000 after acquiring an additional 500 shares during the last quarter. Stolper Co raised its holdings in Invesco High Yield Equity Dividend Achievers ETF by 2.1% during the 2nd quarter. Stolper Co now owns 29,077 shares of the company’s stock worth $571,000 after purchasing an additional 610 shares during the last quarter. Prospera Financial Services Inc lifted its position in Invesco High Yield Equity Dividend Achievers ETF by 2.6% during the 3rd quarter. Prospera Financial Services Inc now owns 36,814 shares of the company’s stock valued at $807,000 after purchasing an additional 932 shares during the period. Brick & Kyle Associates boosted its stake in shares of Invesco High Yield Equity Dividend Achievers ETF by 1.1% in the 2nd quarter. Brick & Kyle Associates now owns 98,778 shares of the company’s stock valued at $1,940,000 after purchasing an additional 1,107 shares during the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the 3rd quarter worth approximately $31,000.

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.