Investment Focus: Investors should prioritize finding well-run companies for long-term investment, while also considering opportunistic investments like the Invesco High Yield Equity Dividend Achievers ETF, which targets overlooked dividend stocks.
ETF Overview: The Invesco High Yield Equity Dividend Achievers ETF tracks the Nasdaq US Dividend Achievers 50 Index, focusing on high-yield stocks with a history of dividend increases, excluding real estate investment trusts and limited partnerships.
Portfolio Characteristics: This ETF typically includes utility and financial stocks, which offer higher yields, and also features companies that may be struggling or in turnaround situations, providing unique investment opportunities.
Caution and Alternatives: While the ETF can enhance portfolio diversification and income with a 4.6% dividend yield, investors are advised to consider other high-potential stocks identified by analysts, as the ETF was not included in the top recommendations.
Wall Street analysts forecast PEY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PEY is USD with a low forecast of USD and a high forecast of 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.
0 Analyst Rating
Wall Street analysts forecast PEY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PEY is USD with a low forecast of USD and a high forecast of 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.
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0 Sell
Current: 21.560
Low
Averages
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Current: 21.560
Low
Averages
High
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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.
