Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Trading Down 0.3% – Here’s What Happened

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD)’s share price fell 0.3% during mid-day trading on Monday . The stock traded as low as $56.78 and last traded at $57.08. 42,429 shares changed hands during mid-day trading, an increase of 67% from the average session volume of 25,378 shares. The stock had previously closed at $57.23.

Invesco Dow Jones Industrial Average Dividend ETF Price Performance

The stock has a 50-day moving average price of $56.46 and a 200 day moving average price of $54.84. The company has a market cap of $365.31 million, a price-to-earnings ratio of 17.48 and a beta of 0.79.

Hedge Funds Weigh In On Invesco Dow Jones Industrial Average Dividend ETF

A number of large investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 325.7% during the first quarter. Jones Financial Companies Lllp now owns 11,222 shares of the company’s stock worth $564,000 after buying an additional 8,586 shares during the period. Barry Investment Advisors LLC lifted its stake in Invesco Dow Jones Industrial Average Dividend ETF by 3.2% in the 2nd quarter. Barry Investment Advisors LLC now owns 342,626 shares of the company’s stock valued at $18,224,000 after acquiring an additional 10,676 shares in the last quarter. Berkshire Money Management Inc. acquired a new position in Invesco Dow Jones Industrial Average Dividend ETF during the second quarter worth $82,000. CWM LLC acquired a new stake in Invesco Dow Jones Industrial Average Dividend ETF in the 2nd quarter valued at $72,000. Finally, Harbour Investments Inc. increased its stake in Invesco Dow Jones Industrial Average Dividend ETF by 2.8% in the 2nd quarter. Harbour Investments Inc. now owns 8,992 shares of the company’s stock valued at $478,000 after buying an additional 244 shares during the last quarter.

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.