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

Shares of Invesco International Dividend Achievers ETF (NASDAQ:PID) hit a new 52-week high during trading on Friday . The stock traded as high as $23.62 and last traded at $23.61, with a volume of 69421 shares trading hands. The stock had previously closed at $23.52.

Invesco International Dividend Achievers ETF Stock Performance

The company has a market cap of $953.74 million, a P/E ratio of 15.28 and a beta of 0.81. The firm’s fifty day moving average is $22.56 and its two-hundred day moving average is $21.80.

Invesco International Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.1185 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.47 dividend on an annualized basis and a dividend yield of 2.0%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its position in shares of Invesco International Dividend Achievers ETF by 20.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,875 shares of the company’s stock worth $63,000 after acquiring an additional 485 shares during the last quarter. Eagle Strategies LLC increased its holdings in shares of Invesco International Dividend Achievers ETF by 1.3% in the fourth quarter. Eagle Strategies LLC now owns 38,999 shares of the company’s stock worth $858,000 after purchasing an additional 498 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in shares of Invesco International Dividend Achievers ETF by 3.1% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 16,379 shares of the company’s stock worth $360,000 after purchasing an additional 500 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Invesco International Dividend Achievers ETF by 40.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,856 shares of the company’s stock worth $38,000 after buying an additional 531 shares in the last quarter. Finally, Freedom Financial Partners LLC boosted its stake in Invesco International Dividend Achievers ETF by 1.0% during the second quarter. Freedom Financial Partners LLC now owns 51,884 shares of the company’s stock valued at $1,064,000 after buying an additional 539 shares during the last quarter. 46.28% of the stock is currently owned by 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.