Invesco International Dividend Achievers ETF (NASDAQ:PID) Sees Large Volume Increase – Time to Buy?

Shares of 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 Price Performance

The stock has a 50-day moving average of $18.99 and a 200-day moving average of $19.16. The firm has a market cap of $856.24 million, a price-to-earnings ratio of 19.00 and a beta of 0.94.

Invesco International Dividend Achievers ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors 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

Large investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in shares of 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 worth $36,107,000 after acquiring an additional 439,856 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Invesco International Dividend Achievers ETF in the 4th quarter valued at $5,694,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Invesco International Dividend Achievers ETF by 1,399.2% in the 4th 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 in the last quarter. Tocqueville Asset Management L.P. bought a new position in shares of Invesco International Dividend Achievers ETF in the 4th quarter valued at $3,056,000. Finally, Morton Capital Management LLC CA raised its holdings in shares of Invesco International Dividend Achievers ETF by 140.2% during the 4th quarter. Morton Capital Management LLC CA now owns 263,108 shares of the company’s stock worth $4,818,000 after buying an additional 153,585 shares in the last quarter. 46.28% of the stock is currently owned by institutional investors and hedge funds.

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.