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

Invesco International Dividend Achievers ETF (NASDAQ:PID) shares hit a new 52-week high on Friday . The stock traded as high as $21.95 and last traded at $21.93, with a volume of 32122 shares trading hands. The stock had previously closed at $21.79.

Invesco International Dividend Achievers ETF Stock Up 0.6%

The company’s 50 day simple moving average is $21.43 and its two-hundred day simple moving average is $21.00. The company has a market capitalization of $894.09 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, September 26th. Investors of record on Monday, September 22nd were paid a dividend of $0.1721 per share. This represents a $0.69 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, September 22nd.

Institutional Investors Weigh In On Invesco International Dividend Achievers ETF

Several institutional investors have recently added to or reduced their stakes in PID. Stephens Inc. AR raised its position in shares of Invesco International Dividend Achievers ETF by 8.8% in the 2nd quarter. Stephens Inc. AR now owns 19,800 shares of the company’s stock valued at $406,000 after purchasing an additional 1,599 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in Invesco International Dividend Achievers ETF during the 2nd quarter valued at approximately $29,000. Atria Wealth Solutions Inc. purchased a new position in shares of Invesco International Dividend Achievers ETF in the first quarter worth $198,000. US Bancorp DE purchased a new position in shares of Invesco International Dividend Achievers ETF in the first quarter worth $51,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Invesco International Dividend Achievers ETF by 28.4% during the second quarter. Janney Montgomery Scott LLC now owns 16,447 shares of the company’s stock worth $337,000 after buying an additional 3,635 shares during the period. 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.