Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Stock Price Up 0.2% – Still a Buy?

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD)’s share price shot up 0.2% on Monday . The stock traded as high as $61.35 and last traded at $61.18. 54,556 shares changed hands during trading, an increase of 10% from the average session volume of 49,566 shares. The stock had previously closed at $61.06.

Invesco Dow Jones Industrial Average Dividend ETF Stock Down 0.1%

The stock has a market cap of $425.33 million, a price-to-earnings ratio of 17.48 and a beta of 0.79. The stock’s fifty day moving average is $60.35 and its 200-day moving average is $57.48.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC raised its stake in Invesco Dow Jones Industrial Average Dividend ETF by 0.8% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 23,510 shares of the company’s stock worth $1,298,000 after buying an additional 196 shares during the period. Level Four Advisory Services LLC grew its stake in Invesco Dow Jones Industrial Average Dividend ETF by 1.2% in the third quarter. Level Four Advisory Services LLC now owns 27,661 shares of the company’s stock valued at $1,527,000 after acquiring an additional 340 shares during the period. Jaffetilchin Investment Partners LLC grew its stake in Invesco Dow Jones Industrial Average Dividend ETF by 4.7% in the second quarter. Jaffetilchin Investment Partners LLC now owns 9,602 shares of the company’s stock valued at $511,000 after acquiring an additional 430 shares during the period. Bogart Wealth LLC bought a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the third quarter worth about $26,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 7.5% in the third quarter. Jones Financial Companies Lllp now owns 6,751 shares of the company’s stock worth $369,000 after acquiring an additional 471 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.