Magnolia Capital Advisors LLC Lowers Position in Invesco International Dividend Achievers ETF (NASDAQ:PID)

Magnolia Capital Advisors LLC decreased its position in Invesco International Dividend Achievers ETF (NASDAQ:PID) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,171 shares of the company’s stock after selling 1,039 shares during the period. Magnolia Capital Advisors LLC’s holdings in Invesco International Dividend Achievers ETF were worth $326,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PID. Cetera Investment Advisers boosted its holdings in Invesco International Dividend Achievers ETF by 151.1% during the first quarter. Cetera Investment Advisers now owns 142,158 shares of the company’s stock worth $2,636,000 after buying an additional 85,552 shares in the last quarter. &PARTNERS purchased a new stake in Invesco International Dividend Achievers ETF during the second quarter worth about $1,529,000. Susquehanna International Group LLP boosted its holdings in Invesco International Dividend Achievers ETF by 67.3% during the second quarter. Susquehanna International Group LLP now owns 197,515 shares of the company’s stock worth $3,539,000 after buying an additional 79,456 shares in the last quarter. Bank of Montreal Can purchased a new stake in Invesco International Dividend Achievers ETF during the second quarter worth about $1,274,000. Finally, Strategic Wealth Partners Ltd. boosted its holdings in Invesco International Dividend Achievers ETF by 8.4% during the first quarter. Strategic Wealth Partners Ltd. now owns 861,462 shares of the company’s stock worth $15,972,000 after buying an additional 66,630 shares in the last quarter. Hedge funds and other institutional investors own 46.28% of the company’s stock.

Invesco International Dividend Achievers ETF Trading Down 0.2 %

PID stock opened at $19.78 on Tuesday. The company has a market cap of $909.29 million, a P/E ratio of 19.28 and a beta of 0.94. Invesco International Dividend Achievers ETF has a 52 week low of $15.82 and a 52 week high of $19.95. The company’s 50-day moving average price is $19.28 and its 200 day moving average price is $18.61.

Invesco International Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.213 per share. This represents a $0.85 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend was Monday, September 23rd.

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.