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

Invesco International Dividend Achievers ETF (NASDAQ:PID) reached a new 52-week high on Monday . The company traded as high as $22.31 and last traded at $22.30, with a volume of 6197 shares. The stock had previously closed at $22.10.

Invesco International Dividend Achievers ETF Stock Up 0.6%

The business’s 50 day moving average price is $21.84 and its 200-day moving average price is $21.36. The company has a market cap of $901.02 million, a PE ratio of 15.28 and a beta of 0.81.

Invesco International Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $0.1185 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.47 annualized dividend and a dividend yield of 2.1%.

Institutional Investors Weigh In On Invesco International Dividend Achievers ETF

A number of institutional investors have recently made changes to their positions in PID. Stephens Inc. AR grew its position in 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 buying an additional 1,599 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Invesco International Dividend Achievers ETF during the 2nd quarter worth about $29,000. Janney Montgomery Scott LLC lifted its stake in shares of Invesco International Dividend Achievers ETF by 28.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 16,447 shares of the company’s stock worth $337,000 after acquiring an additional 3,635 shares during the period. Drive Wealth Management LLC lifted its stake in shares of Invesco International Dividend Achievers ETF by 3.4% in the 2nd quarter. Drive Wealth Management LLC now owns 29,168 shares of the company’s stock worth $598,000 after acquiring an additional 960 shares during the period. Finally, Creative Planning boosted its holdings in shares of Invesco International Dividend Achievers ETF by 4.6% in the second quarter. Creative Planning now owns 112,265 shares of the company’s stock valued at $2,301,000 after acquiring an additional 4,912 shares in the last quarter. 46.28% of the stock is currently 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.