Invesco International Dividend Achievers ETF (NASDAQ:PID) Sees Large Volume Increase – Still a Buy?

Invesco International Dividend Achievers ETF (NASDAQ:PID) shares saw unusually-high trading volume on Monday . Approximately 203,614 shares were traded during mid-day trading, an increase of 147% from the previous session’s volume of 82,366 shares.The stock last traded at $22.11 and had previously closed at $22.09.

Invesco International Dividend Achievers ETF Stock Down 0.0%

The stock has a market cap of $900.20 million, a P/E ratio of 15.28 and a beta of 0.81. The stock has a fifty day simple moving average of $21.72 and a 200-day simple moving average of $21.26.

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 dividend of $0.1185 per share. The ex-dividend date was Monday, December 22nd. This represents a $0.47 dividend on an annualized basis and a yield of 2.1%.

Institutional Investors Weigh In On Invesco International Dividend Achievers ETF

Hedge funds have recently bought and sold shares of the company. Stephens Inc. AR raised its holdings in Invesco International Dividend Achievers ETF by 8.8% during the 2nd quarter. Stephens Inc. AR now owns 19,800 shares of the company’s stock worth $406,000 after buying an additional 1,599 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of Invesco International Dividend Achievers ETF in the second quarter valued at approximately $29,000. Janney Montgomery Scott LLC increased its position in shares of Invesco International Dividend Achievers ETF by 28.4% during the second quarter. Janney Montgomery Scott LLC now owns 16,447 shares of the company’s stock worth $337,000 after acquiring an additional 3,635 shares in the last quarter. Drive Wealth Management LLC raised its holdings in shares of Invesco International Dividend Achievers ETF by 3.4% during the second quarter. Drive Wealth Management LLC now owns 29,168 shares of the company’s stock worth $598,000 after acquiring an additional 960 shares during the period. Finally, Creative Planning lifted its position in Invesco International Dividend Achievers ETF by 4.6% in the 2nd 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. 46.28% of the stock is currently owned by institutional investors and hedge funds.

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.