Invesco International Dividend Achievers ETF (NASDAQ:PID) Hits New 1-Year High – Should You Buy?

Invesco International Dividend Achievers ETF (NASDAQ:PID) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $23.58 and last traded at $23.55, with a volume of 50991 shares. The stock had previously closed at $23.38.

Invesco International Dividend Achievers ETF Price Performance

The business’s 50-day simple moving average is $22.43 and its two-hundred day simple moving average is $21.72. The stock has a market capitalization of $952.53 million, a price-to-earnings ratio of 15.28 and a beta of 0.81.

Invesco International Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $0.1185 per share. The ex-dividend date was Monday, December 22nd. This represents a $0.47 annualized dividend and a dividend yield of 2.0%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PID. UMB Bank n.a. acquired a new position in shares of Invesco International Dividend Achievers ETF during the fourth quarter worth about $321,000. Saxon Interests Inc. raised its holdings in shares of Invesco International Dividend Achievers ETF by 51.6% during the 4th quarter. Saxon Interests Inc. now owns 20,081 shares of the company’s stock valued at $442,000 after buying an additional 6,831 shares during the period. Wells Fargo & Company MN lifted its position in Invesco International Dividend Achievers ETF by 2.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,650,734 shares of the company’s stock worth $36,316,000 after acquiring an additional 41,871 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in Invesco International Dividend Achievers ETF by 3.1% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 16,379 shares of the company’s stock worth $360,000 after acquiring an additional 500 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in Invesco International Dividend Achievers ETF by 2.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 229,903 shares of the company’s stock valued at $5,058,000 after acquiring an additional 6,087 shares in the last quarter. 46.28% of the stock is owned by hedge funds and other 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.