Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Sees Large Volume Increase – Here’s Why

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) saw unusually-strong trading volume on Thursday. Approximately 48,568 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 44,742 shares. The stock last traded at $69.6830 and had previously closed at $69.73.

Invesco Dow Jones Industrial Average Dividend ETF Stock Performance

The stock’s 50-day simple moving average is $65.32 and its 200 day simple moving average is $63.01. The company has a market capitalization of $528.65 million, a PE ratio of 17.48 and a beta of 0.69.

Institutional Trading of Invesco Dow Jones Industrial Average Dividend ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. MRA Advisory Group boosted its position in shares of 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 worth $16,020,000 after acquiring an additional 3,870 shares in the last quarter. Bank of America Corp DE lifted its stake in Invesco Dow Jones Industrial Average Dividend ETF by 4.4% during the first quarter. Bank of America Corp DE now owns 153,319 shares of the company’s stock worth $9,159,000 after purchasing an additional 6,418 shares during the last quarter. Absolute Capital Management LLC lifted its stake in Invesco Dow Jones Industrial Average Dividend ETF by 18.6% during the third quarter. Absolute Capital Management LLC now owns 141,900 shares of the company’s stock worth $8,916,000 after purchasing an additional 22,300 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Invesco Dow Jones Industrial Average Dividend ETF by 32.6% in the second quarter. Envestnet Asset Management Inc. now owns 53,597 shares of the company’s stock valued at $3,396,000 after purchasing an additional 13,162 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Invesco Dow Jones Industrial Average Dividend ETF by 6.4% in the first quarter. Cetera Investment Advisers now owns 48,457 shares of the company’s stock valued at $2,895,000 after purchasing an additional 2,908 shares in 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.