For investors seeking momentum, Invesco Dow Jones Industrial Average Dividend ETF (DJD - Free Report) is probably on radar now. The fund just hit a 52-week high and is up about 15% from its 52-week low price of $31.82/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
DJD in Focus
This ETF offers exposure to high-yielding companies included on the Dow Jones Industrial Average by their 12-month dividend yield over the prior 12 months. It has key holdings in consumer staples, information technology, health care, industrials and energy. The product charges 7 bps in annual fees from investors (see: all the Large Cap ETFs here).
Why the Move?
The U.S. stock market has been an area to watch lately given the renewed rally in the stock market. In particular, the smart-beta strategy helps to capture market inefficiencies in a transparent way by adding extra metrics like dividends, volatility, revenue, earnings, momentum, equal weight and other fundamental factors to the market cap or rules-based indices. The strategy provides investors an opportunity to increase portfolio diversification, reduce risk and enhance returns (alpha generation) over time.
More Gains Ahead?
It seems that DJD might remain strong given a positive weighted alpha of 10.00% and a low 20-day volatility of 17.02%. As a result, there is definitely still some promise for investors who want to ride on this surging ETF a little further.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
For investors seeking momentum, Invesco Dow Jones Industrial Average Dividend ETF (DJD - Free Report) is probably on radar now. The fund just hit a 52-week high and is up about 15% from its 52-week low price of $31.82/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
DJD in Focus
This ETF offers exposure to high-yielding companies included on the Dow Jones Industrial Average by their 12-month dividend yield over the prior 12 months. It has key holdings in consumer staples, information technology, health care, industrials and energy. The product charges 7 bps in annual fees from investors (see: all the Large Cap ETFs here).
Why the Move?
The U.S. stock market has been an area to watch lately given the renewed rally in the stock market. In particular, the smart-beta strategy helps to capture market inefficiencies in a transparent way by adding extra metrics like dividends, volatility, revenue, earnings, momentum, equal weight and other fundamental factors to the market cap or rules-based indices. The strategy provides investors an opportunity to increase portfolio diversification, reduce risk and enhance returns (alpha generation) over time.
More Gains Ahead?
It seems that DJD might remain strong given a positive weighted alpha of 10.00% and a low 20-day volatility of 17.02%. As a result, there is definitely still some promise for investors who want to ride on this surging ETF a little further.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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