Invesco International Dividend Achievers ETF (NASDAQ:PID) Sees Large Volume Increase – Still a Buy?

Invesco International Dividend Achievers ETF (NASDAQ:PID) shares saw an uptick in trading volume on Monday . 203,614 shares traded hands during mid-day trading, an increase of 147% from the previous session’s volume of 82,366 shares.The stock last traded at $22.11 and had previously closed at $22.09.

Invesco International Dividend Achievers ETF Trading Down 0.0%

The firm has a market capitalization of $900.20 million, a price-to-earnings ratio of 15.28 and a beta of 0.81. The firm’s 50-day moving average is $21.72 and its 200 day moving average is $21.26.

Invesco International Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.1185 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.47 annualized dividend and a dividend yield of 2.1%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Stephens Inc. AR increased its stake in shares of Invesco International Dividend Achievers ETF by 8.8% in the second quarter. Stephens Inc. AR now owns 19,800 shares of the company’s stock valued at $406,000 after buying an additional 1,599 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of Invesco International Dividend Achievers ETF in the second quarter worth approximately $29,000. Janney Montgomery Scott LLC boosted its holdings in Invesco International Dividend Achievers ETF by 28.4% in the second quarter. Janney Montgomery Scott LLC now owns 16,447 shares of the company’s stock valued at $337,000 after acquiring an additional 3,635 shares during the last quarter. Drive Wealth Management LLC boosted its holdings in Invesco International Dividend Achievers ETF by 3.4% in the second quarter. Drive Wealth Management LLC now owns 29,168 shares of the company’s stock valued at $598,000 after acquiring an additional 960 shares during the last quarter. Finally, Creative Planning increased its position in Invesco International Dividend Achievers ETF by 4.6% during the 2nd quarter. Creative Planning now owns 112,265 shares of the company’s stock valued at $2,301,000 after purchasing an additional 4,912 shares during the period. 46.28% of the stock is owned by institutional investors.

About Invesco International Dividend Achievers ETF

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.