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

Invesco International Dividend Achievers ETF (NASDAQ:PID) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.22 and last traded at $22.22, with a volume of 6148 shares trading hands. The stock had previously closed at $22.08.

Invesco International Dividend Achievers ETF Trading Down 0.9%

The company has a 50-day moving average of $21.81 and a 200-day moving average of $21.33. The firm has a market capitalization of $884.07 million, a price-to-earnings ratio of 15.28 and a beta of 0.81.

Invesco International Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.1185 dividend. This represents a $0.47 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, December 22nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC boosted its stake 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 buying an additional 531 shares in the last quarter. Freedom Financial Partners LLC lifted its position in Invesco International Dividend Achievers ETF by 1.0% during the 2nd quarter. Freedom Financial Partners LLC now owns 51,884 shares of the company’s stock valued at $1,064,000 after purchasing an additional 539 shares during the period. Founders Financial Alliance LLC boosted its stake in shares of Invesco International Dividend Achievers ETF by 8.1% in the 3rd quarter. Founders Financial Alliance LLC now owns 10,452 shares of the company’s stock valued at $222,000 after purchasing an additional 781 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in shares of Invesco International Dividend Achievers ETF by 5.1% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 17,591 shares of the company’s stock worth $374,000 after buying an additional 856 shares during the period. Finally, Nestegg Advisors Inc. raised its stake in shares of Invesco International Dividend Achievers ETF by 1.6% during the second quarter. Nestegg Advisors Inc. now owns 55,957 shares of the company’s stock worth $1,147,000 after buying an additional 860 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.