Invesco International Dividend Achievers ETF (NASDAQ:PID) Reaches New 12-Month High – Still a Buy?

Shares of Invesco International Dividend Achievers ETF (NASDAQ:PID) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $23.62 and last traded at $23.61, with a volume of 69421 shares traded. The stock had previously closed at $23.52.

Invesco International Dividend Achievers ETF Stock Performance

The company’s 50 day simple moving average is $22.59 and its 200 day simple moving average is $21.83. The stock has a market cap of $953.74 million, a PE ratio of 15.28 and a beta of 0.81.

Invesco International Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.1185 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its position in shares of Invesco International Dividend Achievers ETF by 20.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,875 shares of the company’s stock valued at $63,000 after purchasing an additional 485 shares during the last quarter. Eagle Strategies LLC grew its position in Invesco International Dividend Achievers ETF by 1.3% during the fourth quarter. Eagle Strategies LLC now owns 38,999 shares of the company’s stock valued at $858,000 after buying an additional 498 shares during the period. Federation des caisses Desjardins du Quebec increased its holdings in Invesco International Dividend Achievers ETF by 3.1% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 16,379 shares of the company’s stock worth $360,000 after buying an additional 500 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in Invesco International Dividend Achievers ETF by 40.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,856 shares of the company’s stock valued at $38,000 after buying an additional 531 shares in the last quarter. Finally, Freedom Financial Partners LLC lifted its position in shares of Invesco International Dividend Achievers ETF by 1.0% during the second quarter. Freedom Financial Partners LLC now owns 51,884 shares of the company’s stock worth $1,064,000 after acquiring an additional 539 shares in the last quarter. 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.