Invesco International Dividend Achievers ETF (NASDAQ:PID) Stock Price Down 0.7% – Here’s Why

Shares of Invesco International Dividend Achievers ETF (NASDAQ:PIDGet Free Report) dropped 0.7% during trading on Monday . The company traded as low as $22.83 and last traded at $22.84. 67,125 shares traded hands during trading, a decline of 23% from the average daily volume of 86,996 shares. The stock had previously closed at $23.01.

Invesco International Dividend Achievers ETF Trading Down 0.7%

The firm’s fifty day simple moving average is $22.78 and its two-hundred day simple moving average is $22.84. The company has a market capitalization of $910.17 million, a price-to-earnings ratio of 15.28 and a beta of 0.70.

Invesco International Dividend Achievers ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.3129 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.25 dividend on an annualized basis and a yield of 5.5%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PID. Evelyn Partners Asset Management Ltd purchased a new stake in Invesco International Dividend Achievers ETF in the fourth quarter valued at $31,000. Ameriflex Group Inc. purchased a new position in shares of Invesco International Dividend Achievers ETF during the 4th quarter worth $31,000. Camelot Portfolios LLC acquired a new stake in shares of Invesco International Dividend Achievers ETF during the 4th quarter worth about $33,000. Russell Investments Group Ltd. acquired a new stake in shares of Invesco International Dividend Achievers ETF during the 4th quarter worth about $43,000. Finally, Advisory Services Network LLC purchased a new stake in Invesco International Dividend Achievers ETF in the 3rd quarter valued at about $58,000. 46.28% of the stock is currently owned by hedge funds and other institutional investors.

About Invesco International Dividend Achievers ETF

(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.

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