Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Reaches New 52-Week High – Time to Buy?

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) shares hit a new 52-week high during trading on Thursday. The company traded as high as $67.00 and last traded at $67.2410, with a volume of 4,570 shares trading hands. The stock had previously closed at $66.82.

Invesco Dow Jones Industrial Average Dividend ETF Trading Down 1.1%

The company has a market capitalization of $523.63 million, a price-to-earnings ratio of 17.48 and a beta of 0.69. The firm’s 50 day moving average price is $65.00 and its two-hundred day moving average price is $63.50.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of DJD. Absolute Capital Management LLC lifted its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 18.6% during the 3rd quarter. Absolute Capital Management LLC now owns 141,900 shares of the company’s stock worth $8,916,000 after buying an additional 22,300 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 32.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 53,597 shares of the company’s stock worth $3,396,000 after buying an additional 13,162 shares during the period. NTV Asset Management LLC acquired a new position in Invesco Dow Jones Industrial Average Dividend ETF in the 3rd quarter valued at about $507,000. City Center Advisors LLC acquired a new position in Invesco Dow Jones Industrial Average Dividend ETF in the 3rd quarter valued at about $447,000. Finally, Bank of America Corp DE grew its stake in Invesco Dow Jones Industrial Average Dividend ETF by 4.4% in the 1st quarter. Bank of America Corp DE now owns 153,319 shares of the company’s stock valued at $9,159,000 after buying an additional 6,418 shares during the last quarter.

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.