Invesco International Dividend Achievers ETF (NASDAQ:PID) Sees Strong Trading Volume – Should You Buy?

Invesco International Dividend Achievers ETF (NASDAQ:PID) shares saw an uptick in trading volume on Wednesday . 355,188 shares traded hands during trading, an increase of 203% from the previous session’s volume of 117,280 shares.The stock last traded at $19.41 and had previously closed at $19.38.

Invesco International Dividend Achievers ETF Stock Performance

The company has a 50-day moving average price of $18.99 and a two-hundred day moving average price of $19.16. The stock has a market capitalization of $856.24 million, a P/E ratio of 19.00 and a beta of 0.94.

Invesco International Dividend Achievers ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.0926 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PID. FMR LLC raised its holdings in shares of Invesco International Dividend Achievers ETF by 50.7% in the 3rd quarter. FMR LLC now owns 6,806 shares of the company’s stock worth $135,000 after acquiring an additional 2,291 shares during the last quarter. Townsquare Capital LLC purchased a new stake in shares of Invesco International Dividend Achievers ETF in the third quarter worth approximately $575,000. Captrust Financial Advisors lifted its holdings in shares of Invesco International Dividend Achievers ETF by 8.8% in the third quarter. Captrust Financial Advisors now owns 12,079 shares of the company’s stock valued at $239,000 after purchasing an additional 981 shares in the last quarter. Flow Traders U.S. LLC boosted its position in shares of Invesco International Dividend Achievers ETF by 495.5% during the third quarter. Flow Traders U.S. LLC now owns 124,128 shares of the company’s stock valued at $2,455,000 after buying an additional 103,282 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in Invesco International Dividend Achievers ETF by 0.9% during the third quarter. HighTower Advisors LLC now owns 188,849 shares of the company’s stock worth $3,734,000 after buying an additional 1,621 shares in the last quarter. 46.28% of the stock is owned by institutional investors.

About Invesco International Dividend Achievers ETF

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.