Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Hits New 52-Week High – Here’s Why

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $67.81 and last traded at $67.80, with a volume of 31,461 shares. The stock had previously closed at $66.89.

Invesco Dow Jones Industrial Average Dividend ETF Price Performance

The stock has a market cap of $530.82 million, a price-to-earnings ratio of 17.48 and a beta of 0.69. The stock has a fifty day moving average of $65.07 and a 200 day moving average of $62.68.

Hedge Funds Weigh In On Invesco Dow Jones Industrial Average Dividend ETF

A number of institutional investors have recently bought and sold shares of the business. SYM FINANCIAL Corp purchased a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the 3rd quarter valued at $26,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the third quarter worth $238,000. NTV Asset Management LLC acquired a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the third quarter worth $507,000. Absolute Capital Management LLC raised its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 18.6% during the third quarter. Absolute Capital Management LLC now owns 141,900 shares of the company’s stock worth $8,916,000 after purchasing an additional 22,300 shares during the last quarter. Finally, First Pacific Financial purchased a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF during the third quarter worth $33,000.

Invesco Dow Jones Industrial Average Dividend ETF Company Profile

(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.

Further Reading

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