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A smart beta exchange traded fund, the Invesco Dow Jones Industrial Average Dividend ETF (DJD) debuted on 12/16/2015, and offers broad exposure to the Style Box - Large Cap Blend category of the market.
Invesco Dow Jones Industrial Average Div ETF delivered a strong 14.6% YTD return, outperforming major indices and international equities. I downgrade DJD from "Buy" to "Hold" due to a materially higher 19x P/E and a stretched PEG ratio above 3x. DJD benefits from value, dividend, and quality factor rotation, but faces seasonally weak August–October and limited growth exposure.
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If you're interested in broad exposure to the Large Cap Blend segment of the US equity market, look no further than the Invesco Dow Jones Industrial Average Dividend ETF (DJD), a passively managed exchange traded fund launched on December 16, 2015.
Designed to provide broad exposure to the Style Box - Large Cap Blend category of the market, the Invesco Dow Jones Industrial Average Dividend ETF (DJD) is a smart beta exchange traded fund launched on 12/16/2015.
Want to celebrate the Dow's 130th birthday? Consider the Invesco Dow Jones Industrial Average Dividend ETF.
Looking for broad exposure to the Large Cap Blend segment of the US equity market? You should consider the Invesco Dow Jones Industrial Average Dividend ETF (DJD), a passively managed exchange traded fund launched on December 16, 2015.
The Invesco Dow Jones Industrial Average Dividend ETF tracks dividend-paying Dow stocks, weighted by yield. DJD exhibits value characteristics versus DIA but has underperformed it since inception by 43 bps annualized. DJD has moderate sector risk but notable company-specific risk; the top 10 holdings comprise 57.3% of assets.