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Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) saw an uptick in trading volume on Thursday . 1,573,117 shares changed hands during trading, an increase of 663% from the previous session’s volume of 206,208 shares.The stock last traded at $17.15 and had previously closed at $17.14.
A number of research firms have weighed in on PEY. BMO Capital Markets reaffirmed a “hold” rating and set a $9.00 target price on shares of Invesco High Yield Equity Dividend Achievers ETF in a report on Monday, January 7th. TD Securities reiterated a “hold” rating and set a $8.00 price target on shares of Invesco High Yield Equity Dividend Achievers ETF in a research report on Monday, January 7th.
The firm also recently declared a monthly dividend, which was paid on Thursday, January 31st. Stockholders of record on Wednesday, January 23rd were given a dividend of $0.0531 per share. The ex-dividend date was Tuesday, January 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.71%.
Several institutional investors and hedge funds have recently modified their holdings of the company. RPg Family Wealth Advisory LLC boosted its holdings in Invesco High Yield Equity Dividend Achievers ETF by 304.3% in the third quarter. RPg Family Wealth Advisory LLC now owns 218,469 shares of the company’s stock worth $3,919,000 after acquiring an additional 164,437 shares in the last quarter. B. Riley Wealth Management Inc. purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the third quarter worth about $1,598,000. Virtu Financial LLC purchased a new stake in shares of Invesco High Yield Equity Dividend Achievers ETF during the fourth quarter worth about $1,316,000. Howe & Rusling Inc. grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 2,689.6% during the fourth quarter. Howe & Rusling Inc. now owns 84,804 shares of the company’s stock worth $1,343,000 after purchasing an additional 81,764 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Invesco High Yield Equity Dividend Achievers ETF by 9.5% during the third quarter. Wells Fargo & Company MN now owns 788,513 shares of the company’s stock worth $14,145,000 after purchasing an additional 68,651 shares in the last quarter.
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About Invesco High Yield Equity Dividend Achievers ETF (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.
Further Reading: Liquidity
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