Invesco International Dividend Achievers ETF (NASDAQ:PID) Sees Large Volume Increase – Time to Buy?

Shares of Invesco International Dividend Achievers ETF (NASDAQ:PID) saw unusually-high trading volume on Thursday . Approximately 87,099 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 86,555 shares.The stock last traded at $22.11 and had previously closed at $22.04.

Invesco International Dividend Achievers ETF Stock Performance

The firm has a market cap of $889.86 million, a P/E ratio of 15.28 and a beta of 0.81. The stock has a fifty day simple moving average of $22.93 and a 200 day simple moving average of $22.10.

Invesco International Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 23rd will be paid a dividend of $0.1976 per share. The ex-dividend date is Monday, March 23rd. This represents a $0.79 annualized dividend and a yield of 3.6%. This is an increase from Invesco International Dividend Achievers ETF’s previous quarterly dividend of $0.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Modern Wealth Management LLC bought a new stake in Invesco International Dividend Achievers ETF in the 2nd quarter worth approximately $20,666,000. Equitable Holdings Inc. lifted its holdings in shares of Invesco International Dividend Achievers ETF by 43.9% during the 4th quarter. Equitable Holdings Inc. now owns 727,943 shares of the company’s stock valued at $16,015,000 after buying an additional 222,002 shares during the period. Citadel Advisors LLC lifted its holdings in shares of Invesco International Dividend Achievers ETF by 1,039.1% during the 3rd quarter. Citadel Advisors LLC now owns 180,090 shares of the company’s stock valued at $3,830,000 after buying an additional 164,280 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Invesco International Dividend Achievers ETF by 11.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 616,547 shares of the company’s stock worth $13,071,000 after buying an additional 64,674 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Invesco International Dividend Achievers ETF by 2.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,650,734 shares of the company’s stock worth $36,316,000 after buying an additional 41,871 shares during the last quarter. 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.