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

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

Invesco International Dividend Achievers ETF Stock Performance

The firm’s 50-day moving average price is $22.81 and its two-hundred day moving average price is $22.71. The stock has a market cap of $850.13 million, a price-to-earnings ratio of 15.28 and a beta of 0.70.

Invesco International Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 21st will be issued a $0.1542 dividend. This represents a $0.62 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, September 21st.

Institutional Trading of Invesco International Dividend Achievers ETF

Several hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco International Dividend Achievers ETF by 0.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 269,716 shares of the company’s stock valued at $5,934,000 after acquiring an additional 1,648 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Invesco International Dividend Achievers ETF by 8.6% in the second quarter. Envestnet Asset Management Inc. now owns 238,786 shares of the company’s stock valued at $5,301,000 after purchasing an additional 18,867 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Invesco International Dividend Achievers ETF by 2.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 229,903 shares of the company’s stock valued at $5,058,000 after purchasing an additional 6,087 shares during the last quarter. Focus Financial Network Inc. grew its holdings in shares of Invesco International Dividend Achievers ETF by 0.9% during the 2nd quarter. Focus Financial Network Inc. now owns 185,656 shares of the company’s stock worth $4,122,000 after purchasing an additional 1,679 shares during the period. Finally, Continuum Advisory LLC grew its holdings in shares of Invesco International Dividend Achievers ETF by 10.3% during the 2nd quarter. Continuum Advisory LLC now owns 116,535 shares of the company’s stock worth $2,587,000 after purchasing an additional 10,884 shares during the period. Hedge funds and other institutional investors own 46.28% of the company’s stock.

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.