Invesco International Dividend Achievers ETF (NASDAQ:PID) Sets New 52-Week High – Here’s Why

Invesco International Dividend Achievers ETF (NASDAQ:PID) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $22.22 and last traded at $22.21, with a volume of 29955 shares changing hands. The stock had previously closed at $21.93.

Invesco International Dividend Achievers ETF Trading Up 0.5%

The company has a 50-day moving average price of $21.63 and a 200 day moving average price of $21.19. The stock has a market capitalization of $898.16 million, a P/E ratio of 15.28 and a beta of 0.81.

Invesco International Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a dividend of $0.1721 per share. This represents a $0.69 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, September 22nd.

Institutional Trading of Invesco International Dividend Achievers ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC lifted its stake in Invesco International Dividend Achievers ETF by 40.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,856 shares of the company’s stock worth $38,000 after purchasing an additional 531 shares during the period. Freedom Financial Partners LLC grew its stake in shares of Invesco International Dividend Achievers ETF by 1.0% in the 2nd quarter. Freedom Financial Partners LLC now owns 51,884 shares of the company’s stock valued at $1,064,000 after purchasing an additional 539 shares during the period. Founders Financial Alliance LLC lifted its position in shares of Invesco International Dividend Achievers ETF by 8.1% during the 3rd quarter. Founders Financial Alliance LLC now owns 10,452 shares of the company’s stock worth $222,000 after buying an additional 781 shares during the period. Flagship Harbor Advisors LLC lifted its position in shares of Invesco International Dividend Achievers ETF by 5.1% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 17,591 shares of the company’s stock worth $374,000 after buying an additional 856 shares during the period. Finally, Nestegg Advisors Inc. boosted its stake in Invesco International Dividend Achievers ETF by 1.6% in the 2nd quarter. Nestegg Advisors Inc. now owns 55,957 shares of the company’s stock valued at $1,147,000 after buying an additional 860 shares in the last quarter. 46.28% of the stock is currently owned by institutional investors and hedge funds.

Invesco International Dividend Achievers ETF Company Profile

The Invesco International Dividend Achievers ETF (PID) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a dividend-yield-weighted index of foreign securities with high dividend growth. PID was launched on Sep 15, 2005 and is managed by Invesco.