Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Sets New 52-Week High – Still a Buy?

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

Invesco Dow Jones Industrial Average Dividend ETF Stock Performance

The firm has a 50 day simple moving average of $64.94 and a 200 day simple moving average of $63.41. The firm has a market cap of $526.55 million, a P/E ratio of 17.48 and a beta of 0.69.

Institutional Trading of Invesco Dow Jones Industrial Average Dividend ETF

A number of large investors have recently modified their holdings of the business. MRA Advisory Group boosted its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 1.6% in the 2nd quarter. MRA Advisory Group now owns 252,799 shares of the company’s stock worth $16,020,000 after purchasing an additional 3,870 shares in the last quarter. Bank of America Corp DE lifted its position in shares of 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 worth $9,159,000 after purchasing an additional 6,418 shares during the period. Absolute Capital Management LLC lifted its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 18.6% in the 3rd quarter. Absolute Capital Management LLC now owns 141,900 shares of the company’s stock worth $8,916,000 after purchasing an additional 22,300 shares during the period. Envestnet Asset Management Inc. boosted its stake 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 valued at $3,396,000 after purchasing an additional 13,162 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake 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 purchasing an additional 2,908 shares in 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.