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

Shares of Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) reached a new 52-week high during trading on Wednesday . The company traded as high as $66.77 and last traded at $66.75, with a volume of 8234 shares changing hands. The stock had previously closed at $65.67.

Invesco Dow Jones Industrial Average Dividend ETF Price Performance

The firm’s fifty day simple moving average is $64.24 and its 200 day simple moving average is $62.20. The company 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

Hedge funds have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC boosted its stake in Invesco Dow Jones Industrial Average Dividend ETF by 9.2% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 15,567 shares of the company’s stock worth $986,000 after purchasing an additional 1,317 shares during the period. MRA Advisory Group raised its stake in Invesco Dow Jones Industrial Average Dividend ETF by 1.6% during the 2nd quarter. MRA Advisory Group now owns 252,799 shares of the company’s stock valued at $16,020,000 after purchasing an additional 3,870 shares during the period. Western Wealth Management LLC purchased a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the first quarter valued at $174,000. Bank of America Corp DE lifted its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 4.4% in the first quarter. Bank of America Corp DE now owns 153,319 shares of the company’s stock valued at $9,159,000 after purchasing an additional 6,418 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 1.6% in the first quarter. Royal Bank of Canada now owns 14,086 shares of the company’s stock worth $841,000 after buying an additional 218 shares during the period.

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.