Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Trading 0.5% Higher – Here’s Why

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) shares rose 0.5% during trading on Tuesday . The stock traded as high as $65.80 and last traded at $65.67. 37,703 shares were traded during trading, a decline of 15% from the average daily volume of 44,222 shares. The stock had previously closed at $65.32.

Invesco Dow Jones Industrial Average Dividend ETF Trading Up 0.5%

The business has a 50-day simple moving average of $64.24 and a 200 day simple moving average of $62.20. The stock has a market cap of $493.84 million, a P/E ratio of 17.48 and a beta of 0.69.

Institutional Trading of Invesco Dow Jones Industrial Average Dividend ETF

Institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its holdings in Invesco Dow Jones Industrial Average Dividend ETF by 11.3% in the fourth quarter. LPL Financial LLC now owns 644,401 shares of the company’s stock valued at $36,821,000 after acquiring an additional 65,189 shares during the last quarter. World Investment Advisors acquired a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF in the 4th quarter worth approximately $2,136,000. Kestra Advisory Services LLC lifted its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 362.8% in the 4th quarter. Kestra Advisory Services LLC now owns 37,555 shares of the company’s stock worth $2,146,000 after purchasing an additional 29,440 shares during the period. Bank of America Corp DE boosted its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 11.7% in the 2nd quarter. Bank of America Corp DE now owns 126,752 shares of the company’s stock valued at $6,742,000 after purchasing an additional 13,309 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the 3rd quarter valued at $552,000.

Invesco Dow Jones Industrial Average Dividend ETF Company Profile

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.