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

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) shares hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $69.12 and last traded at $69.0090, with a volume of 17,596 shares trading hands. The stock had previously closed at $67.42.

Invesco Dow Jones Industrial Average Dividend ETF Stock Performance

The stock has a market cap of $545.59 million, a P/E ratio of 17.48 and a beta of 0.69. The company has a 50-day simple moving average of $65.20 and a 200-day simple moving average of $62.86.

Institutional Trading of Invesco Dow Jones Industrial Average Dividend ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in DJD. SYM FINANCIAL Corp acquired a new stake in Invesco Dow Jones Industrial Average Dividend ETF in the 3rd quarter valued at about $26,000. First Pacific Financial acquired a new position in shares of Invesco Dow Jones Industrial Average Dividend ETF during the third quarter worth approximately $33,000. International Assets Investment Management LLC lifted its position 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 worth $37,000 after purchasing an additional 205 shares in the last quarter. Asset Dedication LLC bought a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the third quarter valued at approximately $50,000. Finally, Western Wealth Management LLC bought a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the first quarter valued at approximately $174,000.

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.