In a recent filing with the Securities & Exchange Commission, Worth Asset Management LLC revealed that it lowered its holdings in Invesco International Dividend Achievers ETF (NASDAQ:PID) by 68.0% during the second quarter of this year. According to the Form 13F, the institutional investor sold 15,228 shares of the company’s stock, resulting in its ownership of 7,180 shares. As of the date of filing, these holdings were valued at $130,000.
For investors interested in gaining insights into other hedge funds’ positions on PID, HoldingsChannel.com offers the latest 13F filings and insider trades related to this ETF.
In addition to these developments, Invesco International Dividend Achievers ETF recently announced an upcoming dividend payment. Scheduled for Friday, September 22nd, shareholders of record as of Tuesday, September 19th will receive a dividend of $0.1728 per share. To qualify for this dividend payout, investors must hold shares prior to the ex-dividend date on Monday, September 18th.
As financial markets constantly evolve and investment strategies adapt accordingly, It is not uncommon for institutional investors like Worth Asset Management LLC to adjust their investment portfolios. The decision to decrease holdings in Invesco International Dividend Achievers ETF may have been influenced by various factors such as market trends or internal investment objectives. While some investors may view this move as a reflection of their confidence in the fund’s performance or overall market conditions, it is important to analyze additional data and market dynamics before drawing any definitive conclusions.
For potential investors seeking a comprehensive view on Invesco International Dividend Achievers ETF and its various factors affecting performance and strategic decisions made by major stakeholders such as hedge funds or institutional investors like Worth Asset Management LLC over time can prove beneficial. By continuously monitoring such filings and updates provided by regulatory bodies like the Securities & Exchange Commission alongside available resources like HoldingsChannel.com, investors can develop a more informed understanding of the ETF and its potential investment merits.
Updated on: 25/09/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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Prominent Investors Increase Stake in Invesco International Dividend Achievers ETF (PID)
The realm of investment is a perplexing and bustling environment, where fortunes are made and lost. In this ever-evolving landscape, it is vital for investors to stay informed about the latest developments in the market. One recent development that has caught the attention of many is the changes made by large investors in their positions with regards to the Invesco International Dividend Achievers ETF (PID).
One notable investor, Strategic Wealth Partners Ltd., increased its position in shares of PID by an astonishing 22.5% during the first quarter of this year. This move demonstrates their confidence in the company’s future prospects and highlights their belief in the potential of this particular investment opportunity. With their acquisition of an additional 131,868 shares, Strategic Wealth Partners Ltd. now owns a substantial stake of 716,893 shares worth an estimated $12,782,000.
Another investor that recently entered the scene is Ameritas Advisory Services LLC. In what can only be described as a bold move, they acquired a new stake in shares of PID during the fourth quarter last year amounting to approximately $170,000. This decision shows their determination to capitalize on the opportunities presented by this particular investment vehicle.
Virginia National Bank also joined the ranks of investors embracing PID as part of their portfolio strategy. They experienced a significant growth in their holdings during the second quarter as they added an extra 5,625 shares valued at $1,319,000. The bank’s confidence in PID is palpable as they increase their exposure to this promising asset.
Cetera Advisors LLC also deserves mention for its strategic positioning in PID. Their decision to grow their holdings by 3.2% during the fourth quarter resulted in an impressive addition of 11,427 shares valued at $6,208,000.
Finally, Eagle Strategies LLC solidified its commitment to PID by experiencing remarkable growth in its holdings during the first quarter this year. With an astonishing increase of 137.3%, they acquired an additional 565,974 shares worth approximately $17,440,000. This move clearly reflects their confidence in the potential long-term returns and income growth that PID can generate.
It is worth noting that institutional investors and hedge funds collectively own a significant portion, specifically 49.87%, of the company’s stock. This highlights the widespread interest and belief among large investors in the potential profitability of investing in PID.
On another note, on September 19, 2023, PID opened at a price of $17.70. The company has maintained a relatively stable performance with a fifty-day simple moving average of $17.81 and a 200-day simple moving average of $17.97. With a market capitalization of $1.09 billion and a price-to-earnings ratio of 14.42, PID presents itself as an attractive investment opportunity for those seeking modest yet reliable returns.
One notable aspect to consider about PID is its beta value of 0.94, which indicates a level of volatility slightly lower than the overall market average. This could potentially provide some cushion against sudden swings in market sentiment and contribute to a more stable investment experience for shareholders.
In conclusion, the Invesco International Dividend Achievers ETF (PID) continues to attract attention from prominent investors given its compelling potential for yield and growth opportunities within the total market equity sphere. Managed by Invesco since its launch on September 15, 2005, this ETF represents an intriguing investment option for those looking to diversify their portfolios with foreign securities that exhibit high dividend growth characteristics. As always, investors are advised to conduct thorough research and consult with financial advisors before making any investment decisions to ensure alignment with their specific financial goals and risk tolerance levels