Stephens Inc. AR Boosts Stake in Invesco International Dividend ETF

Stephens Inc. AR has increased its investment in the Invesco International Dividend Achievers ETF (NASDAQ:PID) by 8.8% during the second quarter of 2023, according to its recent 13F filing with the U.S. Securities and Exchange Commission. The firm now holds 19,800 shares of the ETF, having acquired an additional 1,599 shares in the period, bringing the total value of its holdings to approximately $406,000.

This move comes amid a trend of institutional investors reevaluating their positions in the market. Notably, Kaye Capital Management increased its stake in the same ETF by 7.0% in the first quarter, now owning 1,080,470 shares valued at $20,605,000 after acquiring an additional 70,919 shares.

Another significant player, Cambridge Investment Research Advisors Inc., also expanded its holdings by 2.6%, acquiring 5,758 shares to reach a total of 230,445 shares valued at $4,395,000. Other institutional investors, such as Focus Financial Network Inc. and HighTower Advisors LLC, made smaller increases of 0.5% and 0.9%, respectively, demonstrating a collective confidence in the ETF’s potential.

The Invesco International Dividend Achievers ETF, which focuses on foreign securities known for high dividend growth, was launched on September 15, 2005. The fund tracks a dividend-yield-weighted index, and its market capitalization currently stands at approximately $879.41 million.

Market Performance and Investor Sentiment

As of the latest trading session, shares of the Invesco International Dividend Achievers ETF opened at $21.57. The ETF has shown a slight increase of 0.1% recently. Its fifty-day moving average is $21.31, while the two-hundred-day moving average stands at $20.61. Over the past year, the ETF has fluctuated between a low of $17.31 and a high of $21.61. The price-to-earnings ratio is currently 15.28, and the stock has a beta of 0.94, indicating it is less volatile than the broader market.

The growing interest from hedge funds and institutional investors, who collectively hold 46.28% of the ETF, reflects a broader trend of seeking stable dividend returns in an uncertain economic environment. As investors consider their portfolios, the Invesco International Dividend Achievers ETF continues to attract attention for its focus on international equities with strong dividend growth.

With its reputation for reliability and consistent performance, the Invesco International Dividend Achievers ETF remains a key player in the exchange-traded fund market. Investors monitoring developments may consider how shifts in institutional ownership could impact future performance and dividend distributions.

For those interested in tracking investment activity in this ETF, resources such as HoldingsChannel.com provide the latest insights into 13F filings and insider trades.