Invesco International Dividend Achievers ETF (NASDAQ:PID) Sets New 12-Month High – Here’s What Happened

Invesco International Dividend Achievers ETF (NASDAQ:PID) hit a new 52-week high during trading on Friday . The company traded as high as $23.62 and last traded at $23.61, with a volume of 69421 shares changing hands. The stock had previously closed at $23.52.

Invesco International Dividend Achievers ETF Stock Performance

The company has a market cap of $953.74 million, a price-to-earnings ratio of 15.28 and a beta of 0.81. The company’s fifty day moving average is $22.56 and its two-hundred day moving average is $21.80.

Invesco International Dividend Achievers ETF Cuts Dividend

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

Institutional Investors Weigh In On Invesco International Dividend Achievers ETF

Several hedge funds have recently added to or reduced their stakes in PID. Evelyn Partners Asset Management Ltd purchased a new position in shares of Invesco International Dividend Achievers ETF during the 4th quarter valued at about $31,000. Ameriflex Group Inc. purchased a new stake in shares of Invesco International Dividend Achievers ETF in the fourth quarter worth about $31,000. Camelot Portfolios LLC acquired a new stake in Invesco International Dividend Achievers ETF during the fourth quarter worth about $33,000. Steward Partners Investment Advisory LLC grew its holdings 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 acquiring an additional 531 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in Invesco International Dividend Achievers ETF during the fourth quarter valued at approximately $43,000. 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.