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

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $66.77 and last traded at $66.75, with a volume of 8234 shares. The stock had previously closed at $65.67.

Invesco Dow Jones Industrial Average Dividend ETF Trading Up 1.1%

The stock has a 50-day simple moving average of $64.24 and a 200 day simple moving average of $62.20. The stock has a market capitalization of $499.48 million, a price-to-earnings ratio of 17.48 and a beta of 0.69.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blair William & Co. IL purchased a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF during the 3rd quarter valued at $26,000. International Assets Investment Management LLC raised its holdings in shares of 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 in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Invesco Dow Jones Industrial Average Dividend ETF during the fourth quarter valued at $45,000. Cherry Tree Wealth Management LLC acquired a new stake in Invesco Dow Jones Industrial Average Dividend ETF during the fourth quarter valued at $63,000. Finally, Ankerstar Wealth LLC purchased a new position in Invesco Dow Jones Industrial Average Dividend ETF in the fourth quarter valued at about $69,000.

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.