Invesco International Dividend Achievers ETF (NASDAQ:PID) Sees Unusually-High Trading Volume – Still a Buy?

Invesco International Dividend Achievers ETF (NASDAQ:PID) saw strong trading volume on Tuesday. Approximately 66,892 shares traded hands during mid-day 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 Trading Down 0.0%

The company has a market capitalization of $863.29 million, a price-to-earnings ratio of 15.28 and a beta of 0.71. The firm’s 50 day simple moving average is $22.35 and its 200-day simple moving average is $22.62.

Invesco International Dividend Achievers ETF Cuts Dividend

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

Institutional Trading of Invesco International Dividend Achievers ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PID. Mather Group LLC. acquired a new position in Invesco International Dividend Achievers ETF during the 3rd quarter worth approximately $49,000. Community Financial Services Group LLC purchased a new position in shares of Invesco International Dividend Achievers ETF during the 2nd quarter worth approximately $67,000. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco International Dividend Achievers ETF during the 2nd quarter worth approximately $83,000. Geneos Wealth Management Inc. lifted its holdings in shares of Invesco International Dividend Achievers ETF by 68.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 8,290 shares of the company’s stock valued at $184,000 after buying an additional 3,371 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in shares of Invesco International Dividend Achievers ETF in the 1st quarter valued at approximately $367,000. Hedge funds and other institutional investors own 46.28% of the company’s stock.

Invesco International Dividend Achievers ETF Company 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.