Invesco International Dividend Achievers ETF (NASDAQ:PID) Trading Down 0.4% – Time to Sell?

Invesco International Dividend Achievers ETF (NASDAQ:PID)’s stock price dropped 0.4% on Tuesday . The company traded as low as $21.81 and last traded at $21.84. Approximately 50,691 shares were traded during trading, a decline of 39% from the average session volume of 83,665 shares. The stock had previously closed at $21.93.

Invesco International Dividend Achievers ETF Stock Down 0.4%

The company has a market capitalization of $866.39 million, a PE ratio of 15.28 and a beta of 0.70. The company’s 50 day moving average is $22.84 and its two-hundred day moving average is $22.72.

Invesco International Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.1542 per share. This represents a $0.62 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, September 21st.

Institutional Investors Weigh In On Invesco International Dividend Achievers ETF

Several large investors have recently made changes to their positions in PID. Bluedoor Private Wealth LLC purchased a new stake in shares of Invesco International Dividend Achievers ETF in the fourth quarter worth about $450,000. Fifth Third Bancorp purchased a new position in Invesco International Dividend Achievers ETF during the 1st quarter valued at approximately $367,000. Continuum Advisory LLC grew its holdings in Invesco International Dividend Achievers ETF by 10.3% during the 2nd quarter. Continuum Advisory LLC now owns 116,535 shares of the company’s stock valued at $2,587,000 after buying an additional 10,884 shares in the last quarter. Brian Low Financial Group LLC increased its stake in Invesco International Dividend Achievers ETF by 7.6% in the 1st quarter. Brian Low Financial Group LLC now owns 99,068 shares of the company’s stock worth $2,204,000 after acquiring an additional 6,974 shares during the last quarter. Finally, Saxon Interests Inc. increased its stake in Invesco International Dividend Achievers ETF by 51.6% in the 4th quarter. Saxon Interests Inc. now owns 20,081 shares of the company’s stock worth $442,000 after acquiring an additional 6,831 shares during the last quarter. 46.28% of the stock is owned by institutional investors.

About Invesco International Dividend Achievers ETF

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.