Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Sets New 1-Year High – Here’s Why

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

Invesco Dow Jones Industrial Average Dividend ETF Stock Up 0.8%

The company has a market capitalization of $526.55 million, a P/E ratio of 17.48 and a beta of 0.69. The company has a 50-day moving average of $64.94 and a two-hundred day moving average of $63.41.

Institutional Investors Weigh In On Invesco Dow Jones Industrial Average Dividend ETF

A number of institutional investors have recently modified their holdings of DJD. Absolute Capital Management LLC grew its position in 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 valued at $8,916,000 after purchasing an additional 22,300 shares during the last quarter. First Pacific Financial purchased a new position in Invesco Dow Jones Industrial Average Dividend ETF in the third quarter worth about $33,000. First Heartland Consultants Inc. bought a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF in the third quarter worth approximately $235,000. Farther Finance Advisors LLC lifted its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 763.7% in the third quarter. Farther Finance Advisors LLC now owns 3,308 shares of the company’s stock worth $208,000 after buying an additional 2,925 shares in the last quarter. Finally, City Center Advisors LLC bought a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF in the third quarter worth approximately $447,000.

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.