Modern Wealth Management LLC Has $18.72 Million Holdings in Invesco International Dividend Achievers ETF $PID

Modern Wealth Management LLC trimmed its holdings in shares of Invesco International Dividend Achievers ETF (NASDAQ:PID) by 11.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 838,862 shares of the company’s stock after selling 107,284 shares during the quarter. Modern Wealth Management LLC’s holdings in Invesco International Dividend Achievers ETF were worth $18,719,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Geneos Wealth Management Inc. lifted its position in shares of Invesco International Dividend Achievers ETF by 68.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 8,290 shares of the company’s stock valued at $184,000 after acquiring an additional 3,371 shares during the period. Fifth Third Bancorp bought a new position in Invesco International Dividend Achievers ETF during the first quarter worth $367,000. Stephens Inc. AR grew its holdings in Invesco International Dividend Achievers ETF by 5.5% in the first quarter. Stephens Inc. AR now owns 19,617 shares of the company’s stock worth $436,000 after purchasing an additional 1,029 shares during the period. Appalachian Capital Management Ltd grew its holdings in Invesco International Dividend Achievers ETF by 10.1% in the first quarter. Appalachian Capital Management Ltd now owns 29,635 shares of the company’s stock worth $659,000 after purchasing an additional 2,723 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in Invesco International Dividend Achievers ETF by 6.5% in the first quarter. Janney Montgomery Scott LLC now owns 18,014 shares of the company’s stock worth $401,000 after purchasing an additional 1,093 shares during the period. Institutional investors and hedge funds own 46.28% of the company’s stock.

Invesco International Dividend Achievers ETF Trading Down 0.5%

PID opened at $22.72 on Friday. The company has a fifty day moving average price of $22.76 and a two-hundred day moving average price of $22.76. Invesco International Dividend Achievers ETF has a 1-year low of $20.43 and a 1-year high of $23.76. The company has a market cap of $905.39 million, a P/E ratio of 15.28 and a beta of 0.70.

Invesco International Dividend Achievers ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.3129 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.25 annualized dividend and a dividend yield of 5.5%.

Invesco International Dividend Achievers ETF 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.