Invesco International Dividend Achievers ETF (NASDAQ:PID) Sees Unusually-High Trading Volume – Here’s Why

Invesco International Dividend Achievers ETF (NASDAQ:PID – Get Free Report) shares saw unusually-strong trading volume on Tuesday. Approximately 66,892 shares were traded during trading, a decline of 19% from the previous session’s volume of 82,448 shares. The stock last traded at $21.7850 and had previously closed at $21.74.

Invesco International Dividend Achievers ETF Stock Up 0.5%

The company has a market cap of $863.14 million, a PE ratio of 15.28 and a beta of 0.71. The firm’s fifty day simple moving average is $22.40 and its 200-day simple moving average is $22.62.

Invesco International Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were paid a dividend of $0.1542 per share. This is a negative change from Invesco International Dividend Achievers ETF’s previous quarterly dividend of $0.3129. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.8%.

Institutional Investors Weigh In On Invesco International Dividend Achievers ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PID. Envestnet Asset Management Inc. grew its holdings in Invesco International Dividend Achievers ETF by 8.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 238,786 shares of the company’s stock valued at $5,301,000 after buying an additional 18,867 shares during the last quarter. Focus Financial Network Inc. increased its position in Invesco International Dividend Achievers ETF by 0.9% during the second quarter. Focus Financial Network Inc. now owns 185,656 shares of the company’s stock worth $4,122,000 after buying an additional 1,679 shares in the last quarter. Continuum Advisory LLC raised its holdings in shares of Invesco International Dividend Achievers ETF by 10.3% in the second quarter. Continuum Advisory LLC now owns 116,535 shares of the company’s stock worth $2,587,000 after acquiring an additional 10,884 shares during the last quarter. Brian Low Financial Group LLC raised its holdings in shares of Invesco International Dividend Achievers ETF by 7.6% in the first quarter. Brian Low Financial Group LLC now owns 99,068 shares of the company’s stock worth $2,204,000 after acquiring an additional 6,974 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Invesco International Dividend Achievers ETF by 3,898.6% in the third quarter. Farther Finance Advisors LLC now owns 44,944 shares of the company’s stock worth $961,000 after acquiring an additional 43,820 shares during the last quarter. Hedge funds and other institutional investors own 46.28% of the company’s stock.

Invesco International Dividend Achievers ETF Company Profile

(Get Free Report)

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.

Further Reading

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