Invesco International Dividend Achievers ETF (NASDAQ:PID) Reaches New 52-Week High – Here’s Why

Invesco International Dividend Achievers ETF (NASDAQ:PID)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $22.31 and last traded at $22.30, with a volume of 6197 shares changing hands. The stock had previously closed at $22.10.

Invesco International Dividend Achievers ETF Price Performance

The stock’s 50-day moving average price is $21.89 and its 200 day moving average price is $21.39. The firm has a market capitalization of $915.54 million, a PE ratio of 15.28 and a beta of 0.81.

Invesco International Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.1185 dividend. This represents a $0.47 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, December 22nd.

Hedge Funds Weigh In On Invesco International Dividend Achievers ETF

Institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted 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 period. Freedom Financial Partners LLC raised its stake in Invesco International Dividend Achievers ETF by 1.0% in the second quarter. Freedom Financial Partners LLC now owns 51,884 shares of the company’s stock worth $1,064,000 after buying an additional 539 shares in the last quarter. Founders Financial Alliance LLC raised its stake in Invesco International Dividend Achievers ETF by 8.1% in the third quarter. Founders Financial Alliance LLC now owns 10,452 shares of the company’s stock worth $222,000 after buying an additional 781 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in Invesco International Dividend Achievers ETF by 5.1% during the third 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. boosted its position in Invesco International Dividend Achievers ETF by 1.6% during the 2nd quarter. Nestegg Advisors Inc. now owns 55,957 shares of the company’s stock valued at $1,147,000 after acquiring an additional 860 shares in 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.