Invesco International Dividend Achievers ETF (NASDAQ:PID) Hits New 1-Year High – Should You Buy?

Shares of Invesco International Dividend Achievers ETF (NASDAQ:PID) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $23.58 and last traded at $23.55, with a volume of 50991 shares. The stock had previously closed at $23.38.

Invesco International Dividend Achievers ETF Stock Performance

The business has a 50-day moving average of $22.38 and a 200-day moving average of $21.69. The stock has a market capitalization of $952.13 million, a price-to-earnings ratio of 15.28 and a beta of 0.81.

Invesco International Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.1185 dividend. This represents a $0.47 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC lifted its holdings in shares of Invesco International Dividend Achievers ETF by 0.4% during the fourth quarter. LPL Financial LLC now owns 1,317,186 shares of the company’s stock worth $28,978,000 after purchasing an additional 5,217 shares during the period. Continuum Advisory LLC lifted its stake in shares of Invesco International Dividend Achievers ETF by 7.2% in the 4th quarter. Continuum Advisory LLC now owns 105,465 shares of the company’s stock worth $2,320,000 after acquiring an additional 7,128 shares during the period. Calton & Associates Inc. lifted its stake in shares of Invesco International Dividend Achievers ETF by 4.5% in the 4th quarter. Calton & Associates Inc. now owns 13,588 shares of the company’s stock worth $299,000 after acquiring an additional 587 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco International Dividend Achievers ETF by 0.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 269,716 shares of the company’s stock valued at $5,934,000 after acquiring an additional 1,648 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Invesco International Dividend Achievers ETF by 20.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,875 shares of the company’s stock worth $63,000 after acquiring an additional 485 shares during the period. 46.28% of the stock is currently owned by hedge funds and other institutional investors.

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.