Invesco International Dividend Achievers ETF $PID Stock: Principle Wealth Partners LLC Lowers Position

Principle Wealth Partners LLC lowered its holdings in shares of Invesco International Dividend Achievers ETF (NASDAQ:PID) by 72.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,920 shares of the company’s stock after selling 25,892 shares during the period. Principle Wealth Partners LLC’s holdings in Invesco International Dividend Achievers ETF were worth $212,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its stake in Invesco International Dividend Achievers ETF by 8.6% during the 2nd 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. Focus Financial Network Inc. lifted its holdings in Invesco International Dividend Achievers ETF by 0.8% in the 3rd quarter. Focus Financial Network Inc. now owns 187,204 shares of the company’s stock worth $4,001,000 after purchasing an additional 1,548 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in Invesco International Dividend Achievers ETF in the 3rd quarter worth approximately $3,972,000. Continuum Advisory LLC lifted its holdings in Invesco International Dividend Achievers ETF by 10.3% in 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 in the last quarter. Finally, Brian Low Financial Group LLC boosted its stake in Invesco International Dividend Achievers ETF by 3.3% in the 3rd quarter. Brian Low Financial Group LLC now owns 112,244 shares of the company’s stock worth $2,399,000 after purchasing an additional 3,587 shares during the period. Hedge funds and other institutional investors own 46.28% of the company’s stock.

Invesco International Dividend Achievers ETF Price Performance

PID stock opened at $22.35 on Friday. Invesco International Dividend Achievers ETF has a 1-year low of $21.17 and a 1-year high of $23.76. The business has a 50 day simple moving average of $22.14 and a two-hundred day simple moving average of $22.67. The company has a market capitalization of $877.46 million, a price-to-earnings ratio of 14.21 and a beta of 0.70.

Invesco International Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.1542 dividend. This represents a $0.62 annualized dividend and a dividend yield of 2.8%. This is a drop from Invesco International Dividend Achievers ETF’s previous quarterly dividend of $0.3129. The ex-dividend date of this dividend was Monday, September 21st.

Invesco International Dividend Achievers ETF 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.