Invesco International Dividend Achievers ETF (NASDAQ:PID) Stock Price Down 0.4% – Should You Sell?

Invesco International Dividend Achievers ETF (NASDAQ:PID) shares dropped 0.4% during trading on Tuesday . The company traded as low as $21.81 and last traded at $21.84. Approximately 50,691 shares were traded during mid-day trading, a decline of 39% from the average session volume of 83,665 shares. The stock had previously closed at $21.93.

Invesco International Dividend Achievers ETF Trading Down 0.4%

The stock has a 50 day moving average of $22.84 and a 200-day moving average of $22.72. The company has a market capitalization of $866.39 million, a P/E ratio of 15.28 and a beta of 0.70.

Invesco International Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 21st will be given a $0.1542 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, September 21st.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PID. Geneos Wealth Management Inc. boosted its stake in shares of Invesco International Dividend Achievers ETF by 68.5% in the first quarter. Geneos Wealth Management Inc. now owns 8,290 shares of the company’s stock worth $184,000 after acquiring an additional 3,371 shares during the period. Janney Montgomery Scott LLC raised its stake in Invesco International Dividend Achievers ETF by 6.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,014 shares of the company’s stock valued at $401,000 after purchasing an additional 1,093 shares during the period. Stephens Inc. AR raised its stake in Invesco International Dividend Achievers ETF by 5.5% during the 1st quarter. Stephens Inc. AR now owns 19,617 shares of the company’s stock valued at $436,000 after purchasing an additional 1,029 shares during the period. Appalachian Capital Management Ltd lifted its holdings in Invesco International Dividend Achievers ETF by 10.1% in the 1st 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 in the last quarter. Finally, Breakwater Capital Group boosted its stake in Invesco International Dividend Achievers ETF by 1.2% in the 1st quarter. Breakwater Capital Group now owns 40,981 shares of the company’s stock worth $912,000 after purchasing an additional 487 shares during the period. Institutional investors 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.