Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) Trading Up 0.2% – Time to Buy?

Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD)’s share price was up 0.2% during trading on Thursday . The company traded as high as $51.37 and last traded at $51.37. Approximately 17,675 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 23,568 shares. The stock had previously closed at $51.25.

Invesco Dow Jones Industrial Average Dividend ETF Trading Up 0.2 %

The business’s fifty day moving average price is $52.39 and its 200 day moving average price is $50.68. The firm has a market capitalization of $323.12 million, a price-to-earnings ratio of 16.34 and a beta of 0.66.

Institutional Trading of Invesco Dow Jones Industrial Average Dividend ETF

Hedge funds have recently added to or reduced their stakes in the stock. Barry Investment Advisors LLC lifted its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 4.6% in the 3rd quarter. Barry Investment Advisors LLC now owns 305,723 shares of the company’s stock worth $16,078,000 after acquiring an additional 13,421 shares during the period. MRA Advisory Group raised its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 1.5% during the 2nd quarter. MRA Advisory Group now owns 240,698 shares of the company’s stock worth $11,395,000 after buying an additional 3,586 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF by 3.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 61,865 shares of the company’s stock valued at $2,929,000 after buying an additional 1,899 shares during the period. Venture Visionary Partners LLC boosted its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 45.6% in the third quarter. Venture Visionary Partners LLC now owns 31,163 shares of the company’s stock valued at $1,639,000 after buying an additional 9,765 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Invesco Dow Jones Industrial Average Dividend ETF by 2.3% during the third quarter. Janney Montgomery Scott LLC now owns 30,570 shares of the company’s stock worth $1,608,000 after acquiring an additional 699 shares during the period.

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.