PEY Stock Summary and Trading Ideas (Invesco High Yield Equity Dividend Achievers ETF | NASDAQ:PEY)

The Invesco High Yield Equity Dividend Achievers ETF (Fund) is based on the NASDAQ US Dividend Achievers 50 Index (Index). The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise the Index. The Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends. The Fund and the Index are reconstituted annually in March and rebalanced quarterly in March, June, September and December.

Invesco High Yield Equity Dividend Achievers ETF trades on the NASDAQ stock market under the symbol PEY.

As of April 22, 2024, PEY stock price climbed to $19.97 with 170,546 million shares trading.

PEY has a beta of 0.78, meaning it tends to be less sensitive to market movements. PEY has a correlation of 0.31 to the broad based SPY ETF.

PEY has a market cap of $1.19 billion. This is considered a Small Cap stock.

In the last 3 years, PEY stock traded as high as $22.68 and as low as $17.94.

PEY has underperformed the market in the last year with a return of +4.1%, while the SPY ETF gained +22.3%. In the last 3 month period, PEY fell short of the market, returning +0.3%, while SPY returned +3.9%. However, in the most recent 2 weeks PEY has outperformed the stock market by returning -0.8%, while SPY returned -3.6%.

PEY support price is $19.64 and resistance is $20.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PEY stock will trade within this expected range on the day.