Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Trading 0.2% Higher – Still a Buy?

Shares of Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) shot up 0.2% on Monday . The company traded as high as $59.32 and last traded at $58.99. 46,027 shares changed hands during trading, a decline of 11% from the average session volume of 51,567 shares. The stock had previously closed at $58.86.

Invesco Dow Jones Industrial Average Dividend ETF Price Performance

The firm’s 50-day moving average price is $60.89 and its 200-day moving average price is $57.99. The company has a market cap of $410.57 million, a price-to-earnings ratio of 17.48 and a beta of 0.79.

Institutional Trading of Invesco Dow Jones Industrial Average Dividend ETF

A number of institutional investors have recently added to or reduced their stakes in DJD. LPL Financial LLC raised its position in Invesco Dow Jones Industrial Average Dividend ETF by 11.3% in the fourth quarter. LPL Financial LLC now owns 644,401 shares of the company’s stock valued at $36,821,000 after purchasing an additional 65,189 shares during the period. MRA Advisory Group lifted its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 5.6% during the fourth quarter. MRA Advisory Group now owns 247,212 shares of the company’s stock worth $14,126,000 after purchasing an additional 13,053 shares in the last quarter. David Kennon Inc purchased a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF in the fourth quarter worth about $11,774,000. Bank of America Corp DE boosted its position in shares of Invesco Dow Jones Industrial Average Dividend ETF by 4.0% in the third quarter. Bank of America Corp DE now owns 131,852 shares of the company’s stock worth $7,281,000 after buying an additional 5,100 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 2.5% in the fourth quarter. Cetera Investment Advisers now owns 45,549 shares of the company’s stock valued at $2,603,000 after buying an additional 1,107 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.