Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Hits New 1-Year High – What’s Next?

Shares of Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) reached a new 52-week high during trading on Wednesday . The stock traded as high as $66.77 and last traded at $66.75, with a volume of 8234 shares changing hands. The stock had previously closed at $65.67.

Invesco Dow Jones Industrial Average Dividend ETF Stock Performance

The firm has a market capitalization of $493.54 million, a P/E ratio of 17.48 and a beta of 0.69. The business’s fifty day moving average price is $64.36 and its two-hundred day moving average price is $62.29.

Institutional Trading of Invesco Dow Jones Industrial Average Dividend ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of 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 worth $36,821,000 after acquiring an additional 65,189 shares during the period. MRA Advisory Group boosted its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 1.6% during the 2nd quarter. MRA Advisory Group now owns 252,799 shares of the company’s stock worth $16,020,000 after acquiring an additional 3,870 shares in the last quarter. Bank of America Corp DE grew its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 4.4% during the 1st quarter. Bank of America Corp DE now owns 153,319 shares of the company’s stock valued at $9,159,000 after acquiring an additional 6,418 shares during the period. Cetera Investment Advisers grew its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 6.4% during the 1st quarter. Cetera Investment Advisers now owns 48,457 shares of the company’s stock valued at $2,895,000 after acquiring an additional 2,908 shares during the period. Finally, Raymond James Financial Inc. increased its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 17.6% in the 2nd quarter. Raymond James Financial Inc. now owns 45,171 shares of the company’s stock valued at $2,403,000 after purchasing an additional 6,769 shares in the last quarter.

About Invesco Dow Jones Industrial Average Dividend ETF

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.