Merit Financial Group LLC Decreases Stake in Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD)

Merit Financial Group LLC reduced its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) by 10.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,046 shares of the company’s stock after selling 3,822 shares during the period. Merit Financial Group LLC’s holdings in Invesco Dow Jones Industrial Average Dividend ETF were worth $1,676,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Asset Dedication LLC purchased a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the 3rd quarter worth $42,000. OneDigital Investment Advisors LLC purchased a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the 3rd quarter worth $201,000. Creekside Partners purchased a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the 3rd quarter worth $210,000. Transform Wealth LLC purchased a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the 3rd quarter worth $231,000. Finally, Jaffetilchin Investment Partners LLC raised its stake in shares of Invesco Dow Jones Industrial Average Dividend ETF by 5.7% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 8,832 shares of the company’s stock worth $464,000 after buying an additional 474 shares during the last quarter.

Invesco Dow Jones Industrial Average Dividend ETF Stock Up 0.7 %

NYSEARCA:DJD opened at $51.98 on Tuesday. The company has a market capitalization of $326.95 million, a PE ratio of 16.34 and a beta of 0.66. Invesco Dow Jones Industrial Average Dividend ETF has a 52-week low of $45.03 and a 52-week high of $54.38. The stock has a fifty day simple moving average of $52.08 and a 200-day simple moving average of $51.15.

Invesco Dow Jones Industrial Average Dividend ETF Profile

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.