Modern Wealth Management LLC Has $18.72 Million Stock Position in Invesco International Dividend Achievers ETF $PID

Modern Wealth Management LLC cut its stake in Invesco International Dividend Achievers ETF (NASDAQ:PID) by 11.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 838,862 shares of the company’s stock after selling 107,284 shares during the period. Modern Wealth Management LLC owned 2.10% of Invesco International Dividend Achievers ETF worth $18,719,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PID. Evelyn Partners Asset Management Ltd bought a new position in Invesco International Dividend Achievers ETF during the 4th quarter worth approximately $31,000. Ameriflex Group Inc. bought a new stake in shares of Invesco International Dividend Achievers ETF in the 4th quarter valued at $31,000. Camelot Portfolios LLC bought a new stake in shares of Invesco International Dividend Achievers ETF in the 4th quarter valued at $33,000. Russell Investments Group Ltd. bought a new stake in shares of Invesco International Dividend Achievers ETF in the 4th quarter valued at $43,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Invesco International Dividend Achievers ETF during the third quarter worth $58,000. Institutional investors and hedge funds own 46.28% of the company’s stock.

Invesco International Dividend Achievers ETF Stock Down 0.5%

Shares of NASDAQ PID opened at $22.72 on Friday. Invesco International Dividend Achievers ETF has a twelve month low of $20.43 and a twelve month high of $23.76. The firm has a fifty day simple moving average of $22.76 and a 200 day simple moving average of $22.76. The company has a market capitalization of $905.39 million, a PE ratio of 15.28 and a beta of 0.70.

Invesco International Dividend Achievers ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.3129 per share. This represents a $1.25 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Monday, June 22nd.

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.