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

Invesco International Dividend Achievers ETF (NASDAQ:PID) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $20.97 and last traded at $20.97, with a volume of 6926 shares traded. The stock had previously closed at $20.80.

Invesco International Dividend Achievers ETF Stock Performance

The company has a market capitalization of $869.14 million, a price-to-earnings ratio of 17.97 and a beta of 0.94. The company has a 50-day moving average price of $19.85 and a 200-day moving average price of $19.21.

Invesco International Dividend Achievers ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.1665 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco International Dividend Achievers ETF’s previous dividend of $0.09.

Institutional Trading of Invesco International Dividend Achievers ETF

Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of Invesco International Dividend Achievers ETF during the fourth quarter worth $5,694,000. GAMMA Investing LLC bought a new stake in Invesco International Dividend Achievers ETF in the 1st quarter valued at approximately $6,520,000. Captrust Financial Advisors grew its stake in shares of Invesco International Dividend Achievers ETF by 8.5% during the 4th quarter. Captrust Financial Advisors now owns 13,111 shares of the company’s stock worth $240,000 after acquiring an additional 1,032 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Invesco International Dividend Achievers ETF in the fourth quarter valued at approximately $93,000. Finally, Bank of America Corp DE grew its position in Invesco International Dividend Achievers ETF by 1.8% in the fourth quarter. Bank of America Corp DE now owns 799,151 shares of the company’s stock valued at $14,632,000 after purchasing an additional 14,355 shares in the last quarter. Institutional investors and hedge funds 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.