Invesco International Dividend Achievers ETF (NASDAQ:PID) Sets New 12-Month High – Here’s Why

Invesco International Dividend Achievers ETF (NASDAQ:PID)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $22.22 and last traded at $22.22, with a volume of 6148 shares changing hands. The stock had previously closed at $22.08.

Invesco International Dividend Achievers ETF Trading Up 0.1%

The firm has a market capitalization of $894.96 million, a P/E ratio of 15.28 and a beta of 0.81. The business’s 50 day simple moving average is $21.79 and its two-hundred day simple moving average is $21.31.

Invesco International Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.1185 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, December 22nd.

Hedge Funds Weigh In On Invesco International Dividend Achievers ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in Invesco International Dividend Achievers ETF in the second quarter valued at about $29,000. Steward Partners Investment Advisory LLC raised its position in 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 acquiring an additional 531 shares during the period. Advisory Services Network LLC purchased a new position in shares of Invesco International Dividend Achievers ETF during the 3rd quarter worth $58,000. CWM LLC increased its stake in shares of Invesco International Dividend Achievers ETF by 2,112.6% in the 3rd quarter. CWM LLC now owns 2,810 shares of the company’s stock worth $60,000 after purchasing an additional 2,683 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in Invesco International Dividend Achievers ETF in the 3rd quarter worth $63,000. 46.28% of the stock is currently owned by hedge funds and other 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.