Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) saw unusually-high trading volume on Thursday. 48,568 shares were traded during trading, an increase of 9% from the average daily volume of 44,742 shares. The stock last traded at $69.6830 and had previously closed at $69.73.

Invesco Dow Jones Industrial Average Dividend ETF Trading Down 2.3%

The firm’s 50-day moving average price is $65.26 and its 200 day moving average price is $62.92. The company has a market capitalization of $534.38 million, a price-to-earnings ratio of 17.48 and a beta of 0.69.

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

A number of hedge funds have recently added to or reduced their stakes in DJD. NTV Asset Management LLC acquired a new position in Invesco Dow Jones Industrial Average Dividend ETF during the third quarter worth $507,000. Envestnet Asset Management Inc. raised its position in Invesco Dow Jones Industrial Average Dividend ETF by 32.6% in the second quarter. Envestnet Asset Management Inc. now owns 53,597 shares of the company’s stock worth $3,396,000 after acquiring an additional 13,162 shares in the last quarter. Absolute Capital Management LLC raised its position in Invesco Dow Jones Industrial Average Dividend ETF by 18.6% in the third quarter. Absolute Capital Management LLC now owns 141,900 shares of the company’s stock worth $8,916,000 after acquiring an additional 22,300 shares in the last quarter. City Center Advisors LLC acquired a new stake in Invesco Dow Jones Industrial Average Dividend ETF in the third quarter valued at $447,000. Finally, Cahill Financial Advisors Inc. acquired a new stake in Invesco Dow Jones Industrial Average Dividend ETF in the second quarter valued at $202,000.

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.