Janney Montgomery Scott LLC Trims Stock Holdings in Invesco Dow Jones Industrial Average Dividend ETF $DJD

Janney Montgomery Scott LLC cut its holdings in shares of Invesco Dow Jones Industrial Average Dividend ETF (NYSEARCA:DJD) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,038 shares of the company’s stock after selling 1,469 shares during the period. Janney Montgomery Scott LLC owned about 0.43% of Invesco Dow Jones Industrial Average Dividend ETF worth $1,545,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new position in Invesco Dow Jones Industrial Average Dividend ETF in the first quarter valued at approximately $26,000. Sound Income Strategies LLC purchased a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the first quarter worth approximately $49,000. Advisor Resource Council purchased a new stake in shares of Invesco Dow Jones Industrial Average Dividend ETF during the first quarter worth approximately $283,000. Private Advisor Group LLC purchased a new position in Invesco Dow Jones Industrial Average Dividend ETF in the first quarter worth $323,000. Finally, Brass Tax Wealth Management Inc. grew its holdings in Invesco Dow Jones Industrial Average Dividend ETF by 4.4% in the first quarter. Brass Tax Wealth Management Inc. now owns 10,261 shares of the company’s stock valued at $542,000 after purchasing an additional 437 shares during the last quarter.

Invesco Dow Jones Industrial Average Dividend ETF Stock Performance

Invesco Dow Jones Industrial Average Dividend ETF stock opened at $54.08 on Friday. The firm has a market capitalization of $350.98 million, a price-to-earnings ratio of 17.48 and a beta of 0.82. Invesco Dow Jones Industrial Average Dividend ETF has a fifty-two week low of $46.64 and a fifty-two week high of $56.14. The stock’s fifty day moving average is $54.66 and its two-hundred day moving average is $52.74.

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.