Modern Wealth Management LLC Acquires New Shares in Invesco International Dividend Achievers ETF $PID

Modern Wealth Management LLC acquired a new position in Invesco International Dividend Achievers ETF (NASDAQ:PID) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,008,078 shares of the company’s stock, valued at approximately $20,666,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Flow Traders U.S. LLC purchased a new stake in shares of Invesco International Dividend Achievers ETF during the 1st quarter valued at about $3,453,000. Brian Low Financial Group LLC bought a new position in Invesco International Dividend Achievers ETF during the second quarter valued at approximately $1,955,000. Bank of America Corp DE boosted its holdings in Invesco International Dividend Achievers ETF by 4.4% in the second quarter. Bank of America Corp DE now owns 909,313 shares of the company’s stock worth $18,641,000 after purchasing an additional 38,000 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in Invesco International Dividend Achievers ETF in the 2nd quarter worth approximately $485,000. Finally, Capital Analysts LLC raised its stake in Invesco International Dividend Achievers ETF by 80.1% during the 1st quarter. Capital Analysts LLC now owns 42,712 shares of the company’s stock valued at $814,000 after buying an additional 19,000 shares during the last quarter. Institutional investors own 46.28% of the company’s stock.

Invesco International Dividend Achievers ETF Price Performance

PID stock opened at $22.05 on Friday. Invesco International Dividend Achievers ETF has a 1 year low of $17.31 and a 1 year high of $22.13. The company has a market cap of $898.98 million, a P/E ratio of 15.28 and a beta of 0.81. The stock’s fifty day moving average price is $21.58 and its 200-day moving average price is $21.14.

Invesco International Dividend Achievers ETF Cuts Dividend

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

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.