Invesco International Dividend Achievers ETF (NASDAQ:PID) Sees Large Volume Increase – What’s Next?

Invesco International Dividend Achievers ETF (NASDAQ:PID) saw an uptick in trading volume on Wednesday . 322,494 shares traded hands during trading, an increase of 252% from the previous session’s volume of 91,566 shares.The stock last traded at $22.64 and had previously closed at $22.65.

Invesco International Dividend Achievers ETF Price Performance

The business’s 50 day simple moving average is $22.83 and its 200 day simple moving average is $22.27. The company has a market capitalization of $896.09 million, a PE ratio of 15.28 and a beta of 0.74.

Invesco International Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.1976 per share. This represents a $0.79 dividend on an annualized basis and a yield of 3.5%. This is a boost from Invesco International Dividend Achievers ETF’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Investors Weigh In On Invesco International Dividend Achievers ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PID. Equitable Holdings Inc. boosted its position 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 worth $16,015,000 after purchasing an additional 222,002 shares during the period. Citadel Advisors LLC increased its holdings in Invesco International Dividend Achievers ETF by 1,039.1% in the 3rd quarter. Citadel Advisors LLC now owns 180,090 shares of the company’s stock valued at $3,830,000 after purchasing an additional 164,280 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in 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 valued at $13,071,000 after purchasing an additional 64,674 shares during the last quarter. Wells Fargo & Company MN increased its holdings in 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 valued at $36,316,000 after purchasing an additional 41,871 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Invesco International Dividend Achievers ETF by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 909,313 shares of the company’s stock valued at $18,641,000 after purchasing an additional 38,000 shares during the last quarter. 46.28% of the stock is owned by hedge funds and other institutional investors.

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.