Invesco International Dividend Achievers ETF (NASDAQ:PID) Hits New 52-Week High – Should You Buy?

Shares of Invesco International Dividend Achievers ETF (NASDAQ:PID) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $22.76 and last traded at $22.74, with a volume of 18215 shares changing hands. The stock had previously closed at $22.51.

Invesco International Dividend Achievers ETF Price Performance

The stock has a fifty day moving average of $22.00 and a 200 day moving average of $21.46. The firm has a market capitalization of $916.55 million, a P/E ratio of 15.28 and a beta of 0.81.

Invesco International Dividend Achievers ETF Cuts Dividend

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

Institutional Trading of Invesco International Dividend Achievers ETF

A number of large investors have recently added to or reduced their stakes in PID. Farther Finance Advisors LLC purchased a new position in Invesco International Dividend Achievers ETF in the second quarter valued at about $29,000. Steward Partners Investment Advisory LLC raised its holdings in shares of 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 worth $38,000 after purchasing an additional 531 shares during the period. Advisory Services Network LLC bought a new stake in shares of Invesco International Dividend Achievers ETF in the 3rd quarter worth approximately $58,000. CWM LLC lifted its stake in Invesco International Dividend Achievers ETF by 2,112.6% in the third quarter. CWM LLC now owns 2,810 shares of the company’s stock valued at $60,000 after purchasing an additional 2,683 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in Invesco International Dividend Achievers ETF during the third quarter valued at $63,000. Hedge funds and other institutional investors own 46.28% of the company’s stock.

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.