Invesco International Dividend Achievers ETF (NASDAQ:PID) Sets New 12-Month High – Time to Buy?

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

Invesco International Dividend Achievers ETF Trading Up 0.4%

The company has a market capitalization of $959.00 million, a P/E ratio of 15.28 and a beta of 0.81. The company’s 50 day moving average is $22.75 and its 200-day moving average is $21.92.

Invesco International Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.1185 per share. 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 Trading of Invesco International Dividend Achievers ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PID. Jane Street Group LLC purchased a new position in Invesco International Dividend Achievers ETF during the first quarter valued at $229,000. Flagship Harbor Advisors LLC grew its stake in shares of Invesco International Dividend Achievers ETF by 7.5% in the second quarter. Flagship Harbor Advisors LLC now owns 16,735 shares of the company’s stock worth $343,000 after acquiring an additional 1,168 shares during the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of Invesco International Dividend Achievers ETF in the second quarter worth $485,000. Creative Planning increased its holdings in shares of Invesco International Dividend Achievers ETF by 4.6% during the second quarter. Creative Planning now owns 112,265 shares of the company’s stock valued at $2,301,000 after acquiring an additional 4,912 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in shares of 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 worth $38,000 after purchasing an additional 531 shares during the last quarter. 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.