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DJD

Invesco Dow Jones Industrial Average Dividend ETF

https://www.invesco.com/us/financial-products/etfs/product-detail?ticker=DJD

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Asset Management

The fund will generally invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is designed to provide exposure to dividend-paying equity securities of companies included in the Dow Jones Industrial Average™, which is a price-weighted index of 30 U.S. companies that meet certain size, listing and liquidity requirements. The fund is non-diversified.

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Dow Inc (NYSE:DOW) reported disappointing Q2 FY24 earnings, with sales and adjusted EPS missing consensus estimates. Sales declined 4% Y/Y to $10.9 billion, and adjusted EPS was $0.68. The stock is down 5.18% premarket. Investors can gain exposure via Invesco Dow Jones Industrial Average Dividend ETF (NYSE:DJD) and FT Vest DJIA Dogs 10 Target Income ETF (BATS:DOGG).

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 11:24 am

Dow Inc (NYSE:DOW) shares fell after reporting Q1 FY24 results with a 9% Y/Y sales decline to $10.77 billion, slightly above consensus. Adjusted EPS was $0.56, beating the $0.45 consensus. Despite local price drops and mixed regional performance, volume increased by 1% Y/Y. Operating EBIT declined to $674 million, but margins expanded. The company returned $693 million to shareholders and highlighted its strategic focus on long-term growth and sustainability. Exposure to DOW can also be gained through Invesco ETFs DJD and RDIV.

Portfolio Pulse from Lekha Gupta

April 25, 2024 | 3:55 pm

Walgreens Boots Alliance Inc (NASDAQ:WBA) is expanding its specialty pharmacy services to include gene and cell therapy solutions, aiming to enhance patient outcomes and value for stakeholders. The expansion includes the introduction of Walgreens Specialty Pharmacy, which will operate four central specialty pharmacies and nearly 300 community-based specialty pharmacies. The initiative is supported by over 1,500 specialty-trained pharmacists and 5,000 patient advocacy support members. Walgreens stock has lost over 48% in the last 12 months but is trading higher by 0.79% in premarket. Investors can also gain exposure to Walgreens stock through Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) and Invesco Dow Jones Industrial Average Dividend ETF (NYSE:DJD).

Portfolio Pulse from Shivani Kumaresan

April 25, 2024 | 9:40 am

Verizon Communications Inc (NYSE:VZ) reported its fiscal first-quarter 2024 results with a slight increase in sales to $32.98 billion, missing consensus estimates but beating adjusted EPS expectations. Wireless service revenue grew by 3.3%, driven by pricing actions and subscriber growth, despite postpaid phone net losses. Broadband and fixed wireless segments saw significant net additions, while Verizon Business revenues declined. The company's adjusted EBITDA increased, and it reiterated its FY24 outlook for wireless service revenue growth and adjusted EPS. Verizon's stock rose 2.17% in premarket trading, and exposure to Verizon stock can also be gained through Invesco Dow Jones Industrial Average Dividend ETF (NYSE:DJD) and First Trust Morningstar ETF (NYSE:FDL).

Portfolio Pulse from Anusuya Lahiri

April 22, 2024 | 1:01 pm

3M Company (NYSE:MMM) received final approval from the U.S. District Court in Charleston, South Carolina, for its settlement agreement with U.S. public water suppliers concerning PFAS contamination. The agreement, which involves a $10.3 billion accrual over 13 years, aims to support water suppliers that detect PFAS. Additionally, 3M completed the spin-off of Solventum, which now trades under the ticker 'SOLV'. 3M retained 19.9% of Solventum's shares, planning to monetize them within five years. Investors can also gain exposure to 3M through Invesco Dow Jones Industrial Average Dividend ETF (NYSE:DJD) and FT Vest DJIA Dogs 10 Target Income ETF (BATS:DOGG). MMM shares dropped 13.6% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 01, 2024 | 1:28 pm

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