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

Invesco International Dividend Achievers ETF (NASDAQ:PID) saw unusually-high trading volume on Wednesday . Approximately 355,188 shares traded hands during mid-day trading, an increase of 203% from the previous session’s volume of 117,280 shares.The stock last traded at $19.41 and had previously closed at $19.38.

Invesco International Dividend Achievers ETF Stock Performance

The firm has a 50-day moving average of $18.96 and a 200-day moving average of $19.15. The firm has a market capitalization of $854.92 million, a P/E ratio of 19.00 and a beta of 0.94.

Invesco International Dividend Achievers ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.0926 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Invesco International Dividend Achievers ETF

Several institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN lifted its stake in Invesco International Dividend Achievers ETF by 28.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,971,970 shares of the company’s stock valued at $36,107,000 after acquiring an additional 439,856 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Invesco International Dividend Achievers ETF during the fourth quarter valued at approximately $5,694,000. Wealth Enhancement Advisory Services LLC lifted its position in Invesco International Dividend Achievers ETF by 1,399.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 296,181 shares of the company’s stock valued at $5,423,000 after purchasing an additional 276,425 shares during the period. Tocqueville Asset Management L.P. purchased a new stake in Invesco International Dividend Achievers ETF in the fourth quarter worth approximately $3,056,000. Finally, Morton Capital Management LLC CA grew its position in Invesco International Dividend Achievers ETF by 140.2% in the 4th quarter. Morton Capital Management LLC CA now owns 263,108 shares of the company’s stock worth $4,818,000 after purchasing an additional 153,585 shares during the period. 46.28% of the stock is owned by hedge funds and other institutional investors.

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.