Invesco International Dividend Achievers ETF (NASDAQ:PID) Hits New 12-Month High – Time to Buy?

Invesco International Dividend Achievers ETF (NASDAQ:PID)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $22.13 and last traded at $22.09, with a volume of 15075 shares. The stock had previously closed at $22.01.

Invesco International Dividend Achievers ETF Trading Up 0.2%

The company has a market capitalization of $899.39 million, a P/E ratio of 15.28 and a beta of 0.81. The stock has a 50 day moving average price of $21.56 and a 200 day moving average price of $21.12.

Invesco International Dividend Achievers ETF Cuts Dividend

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

Institutional Trading of Invesco International Dividend Achievers ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new stake in Invesco International Dividend Achievers ETF during the 2nd quarter worth approximately $29,000. Steward Partners Investment Advisory LLC increased its position in Invesco International Dividend Achievers ETF by 40.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,856 shares of the company’s stock valued at $38,000 after acquiring an additional 531 shares during the period. US Bancorp DE bought a new position in shares of Invesco International Dividend Achievers ETF during the first quarter valued at $51,000. Advisory Services Network LLC bought a new position in shares of Invesco International Dividend Achievers ETF during the third quarter valued at $58,000. Finally, CWM LLC lifted its holdings in shares of Invesco International Dividend Achievers ETF by 2,112.6% during the third quarter. CWM LLC now owns 2,810 shares of the company’s stock worth $60,000 after purchasing an additional 2,683 shares during the period. 46.28% of the stock is currently 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.