Is Invesco High Yield Equity Dividend Achievers ETF (PEY) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 08 2024
0mins
Source: NASDAQ.COM
Invesco High Yield Equity Dividend Achievers ETF (PEY): Launched in 2004, PEY focuses on dividend yield and growth, with a current asset base of over $1.22 billion and an annual operating expense ratio of 0.52%. It has shown a 12-month trailing dividend yield of 4.74% and aims to match the performance of the NASDAQ US Dividend Achievers 50 Index.
Investment Considerations: While PEY offers diversification and medium risk, investors may also explore other ETFs like Capital Group Dividend Value ETF and iShares Core S&P U.S. Value ETF for potentially lower costs and risks, as they track traditional market cap weighted indexes.
Analyst Views on FIBK
Wall Street analysts forecast FIBK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FIBK is 37.00 USD with a low forecast of 30.00 USD and a high forecast of 41.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
3 Buy
2 Hold
1 Sell
Moderate Buy
Current: 38.220
Low
30.00
Averages
37.00
High
41.00
Current: 38.220
Low
30.00
Averages
37.00
High
41.00
About FIBK
First Interstate BancSystem, Inc. is a financial and bank holding company focused on community banking. Through its bank subsidiary, First Interstate Bank, the Company delivers a comprehensive range of banking products and services, including online and mobile banking, to individuals, businesses, government entities, and others throughout its market areas. It operates through the Community Banking segment, which encompasses commercial, governmental, and consumer banking services provided through its Bank: primarily the acceptance of deposits, the extension of credit, mortgage loan origination and servicing, and wealth management, which includes trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. It provides loans to a wide variety of industries, including agriculture, healthcare, professional services, technology, construction, hospitality, real estate development, tourism, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
