Invesco International Dividend Achievers ETF (NASDAQ:PID) Sees Large Volume Increase – Here’s Why

Invesco International Dividend Achievers ETF (NASDAQ:PID) saw an uptick in trading volume on Tuesday. Approximately 66,892 shares were traded during trading, a decline of 19% from the previous session’s volume of 82,448 shares. The stock last traded at $21.7850 and had previously closed at $21.74.

Invesco International Dividend Achievers ETF Price Performance

The firm’s 50-day simple moving average is $22.40 and its two-hundred day simple moving average is $22.62. The company has a market capitalization of $863.14 million, a price-to-earnings ratio of 15.28 and a beta of 0.71.

Invesco International Dividend Achievers ETF Cuts Dividend

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

Institutional Investors Weigh In On Invesco International Dividend Achievers ETF

Institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of 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 worth $5,301,000 after buying an additional 18,867 shares during the last quarter. Focus Financial Network Inc. boosted its position in shares of Invesco International Dividend Achievers ETF by 0.9% in the 2nd quarter. Focus Financial Network Inc. now owns 185,656 shares of the company’s stock worth $4,122,000 after buying an additional 1,679 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of 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 buying an additional 10,884 shares in the last quarter. Brian Low Financial Group LLC boosted its position in shares of Invesco International Dividend Achievers ETF by 7.6% in the 1st quarter. Brian Low Financial Group LLC now owns 99,068 shares of the company’s stock worth $2,204,000 after buying an additional 6,974 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Invesco International Dividend Achievers ETF by 3,898.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 44,944 shares of the company’s stock valued at $961,000 after acquiring an additional 43,820 shares during the last quarter. 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.