Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Reaches New 1-Year High – Time to Buy?

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD)’s stock price reached a new 52-week high on Thursday. The stock traded as high as $67.81 and last traded at $67.80, with a volume of 31,461 shares changing hands. The stock had previously closed at $66.89.

Invesco Dow Jones Industrial Average Dividend ETF Stock Performance

The company’s 50 day moving average price is $65.15 and its 200-day moving average price is $62.77. The company has a market cap of $530.20 million, a price-to-earnings ratio of 17.48 and a beta of 0.69.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. SYM FINANCIAL Corp purchased a new stake in Invesco Dow Jones Industrial Average Dividend ETF during the third quarter valued at about $26,000. First Pacific Financial purchased a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF in the third quarter worth approximately $33,000. 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 valued at $37,000 after acquiring an additional 205 shares during the period. Western Wealth Management LLC acquired a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the first quarter valued at approximately $174,000. Finally, Cahill Financial Advisors Inc. acquired a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the second quarter valued at approximately $202,000.

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.