Focus Financial Network Inc. Reduces Stock Position in Invesco International Dividend Achievers ETF (NASDAQ:PID)

Focus Financial Network Inc. lowered its stake in shares of Invesco International Dividend Achievers ETF (NASDAQ:PID) by 0.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 225,077 shares of the company’s stock after selling 1,570 shares during the period. Focus Financial Network Inc.’s holdings in Invesco International Dividend Achievers ETF were worth $4,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new position in Invesco International Dividend Achievers ETF in the second quarter valued at $38,000. Investmark Advisory Group LLC bought a new position in Invesco International Dividend Achievers ETF in the first quarter valued at $185,000. Truist Financial Corp bought a new position in Invesco International Dividend Achievers ETF in the second quarter valued at $224,000. Stephens Inc. AR increased its stake in Invesco International Dividend Achievers ETF by 11.1% in the third quarter. Stephens Inc. AR now owns 12,034 shares of the company’s stock valued at $238,000 after acquiring an additional 1,202 shares during the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp bought a new position in Invesco International Dividend Achievers ETF in the second quarter valued at $249,000. Hedge funds and other institutional investors own 46.28% of the company’s stock.

Invesco International Dividend Achievers ETF Stock Down 1.3 %

PID opened at $19.10 on Friday. The stock has a market cap of $851.29 million, a PE ratio of 19.28 and a beta of 0.94. Invesco International Dividend Achievers ETF has a 52 week low of $15.98 and a 52 week high of $19.99. The business’s fifty day simple moving average is $19.63 and its 200 day simple moving average is $18.81.

Invesco International Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.213 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.46%.

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.