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

Invesco International Dividend Achievers ETF (NASDAQ:PID)’s share price hit a new 52-week high on Thursday . The stock traded as high as $23.62 and last traded at $23.56, with a volume of 13338 shares trading hands. The stock had previously closed at $23.51.

Invesco International Dividend Achievers ETF Stock Up 0.0%

The business has a 50-day simple moving average of $22.68 and a 200-day simple moving average of $21.88. The company has a market cap of $950.91 million, a PE ratio of 15.28 and a beta of 0.81.

Invesco International Dividend Achievers ETF Cuts Dividend

The company also recently disclosed 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 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, December 22nd.

Institutional Investors Weigh In On Invesco International Dividend Achievers ETF

A number of large investors have recently modified their holdings of PID. Evelyn Partners Asset Management Ltd purchased a new stake in Invesco International Dividend Achievers ETF in the 4th quarter valued at $31,000. Ameriflex Group Inc. purchased a new stake in shares of Invesco International Dividend Achievers ETF in the fourth quarter valued at about $31,000. Camelot Portfolios LLC purchased a new stake in shares of Invesco International Dividend Achievers ETF in the fourth quarter valued at about $33,000. Steward Partners Investment Advisory LLC increased its position in Invesco International Dividend Achievers ETF by 40.1% during the second 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 last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Invesco International Dividend Achievers ETF during the fourth quarter worth about $43,000. 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.