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

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD)’s stock price traded down 0.5% during mid-day trading on Wednesday . The company traded as low as $64.92 and last traded at $65.07. Approximately 52,086 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 44,367 shares. The stock had previously closed at $65.42.

Invesco Dow Jones Industrial Average Dividend ETF Stock Down 0.5%

The company’s 50-day simple moving average is $65.16 and its 200 day simple moving average is $62.69. The stock has a market capitalization of $489.33 million, a price-to-earnings ratio of 17.48 and a beta of 0.69.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DJD. Blair William & Co. IL bought a new stake in Invesco Dow Jones Industrial Average Dividend ETF during the third quarter worth approximately $26,000. International Assets Investment Management LLC increased its position in Invesco Dow Jones Industrial Average Dividend ETF by 48.8% during the first quarter. International Assets Investment Management LLC now owns 625 shares of the company’s stock worth $37,000 after acquiring an additional 205 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF during the fourth quarter valued at about $45,000. Cherry Tree Wealth Management LLC acquired a new position in Invesco Dow Jones Industrial Average Dividend ETF in the 4th quarter valued at approximately $63,000. Finally, Ankerstar Wealth LLC acquired a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF in the fourth quarter valued at $69,000.

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.