Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Reaches New 1-Year High – Still a Buy?

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $69.12 and last traded at $69.0090, with a volume of 17,596 shares traded. The stock had previously closed at $67.42.

Invesco Dow Jones Industrial Average Dividend ETF Trading Up 3.2%

The stock has a market cap of $545.59 million, a price-to-earnings ratio of 17.48 and a beta of 0.69. The firm has a fifty day simple moving average of $65.20 and a 200-day simple moving average of $62.86.

Institutional Investors Weigh In On Invesco Dow Jones Industrial Average Dividend ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. SYM FINANCIAL Corp acquired a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF during the third quarter valued at $26,000. First Pacific Financial bought a new position in Invesco Dow Jones Industrial Average Dividend ETF in the third quarter valued at about $33,000. International Assets Investment Management LLC boosted its holdings in Invesco Dow Jones Industrial Average Dividend ETF by 48.8% in the first quarter. International Assets Investment Management LLC now owns 625 shares of the company’s stock valued at $37,000 after acquiring an additional 205 shares during the last quarter. Asset Dedication LLC acquired a new stake in Invesco Dow Jones Industrial Average Dividend ETF in the third quarter worth about $50,000. Finally, Western Wealth Management LLC acquired a new stake in Invesco Dow Jones Industrial Average Dividend ETF in the first quarter worth about $174,000.

About Invesco Dow Jones Industrial Average Dividend ETF

(Get Free Report)

The Invesco Dow Jones Industrial Average Dividend ETF (DJD) is an exchange-traded fund that mostly invests in large cap equity. The fund follows an index comprising dividend-paying securities of the companies listed on the Dow Jones Industrial Average, weighted by yield. DJD was launched on Dec 16, 2015 and is managed by Invesco.

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