Canaccord Genuity reissued their average rating on shares of Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) in a research report report published on Tuesday, AnalystRatings.com reports. The firm currently has a $7.00 price target on the stock.
NASDAQ PEY opened at $18.43 on Tuesday. Invesco High Yield Equity Dividend Achievers ETF has a fifty-two week low of $15.03 and a fifty-two week high of $18.43. The stock has a 50 day simple moving average of $17.92.
The firm also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 25th were issued a $0.054 dividend. This represents a $0.65 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Monday, June 24th.
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.
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