Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Stock Price Down 1.5%

Shares of Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWDGet Rating) dropped 1.5% during mid-day trading on Wednesday . The company traded as low as $14.02 and last traded at $14.11. Approximately 77,803 shares were traded during trading, a decline of 21% from the average daily volume of 98,580 shares. The stock had previously closed at $14.32.

Invesco KBW High Dividend Yield Financial ETF Price Performance

The stock’s fifty day simple moving average is $14.25 and its 200-day simple moving average is $14.86. The company has a market capitalization of $338.68 million, a P/E ratio of 10.40 and a beta of 1.40.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 26th. Investors of record on Tuesday, May 23rd will be paid a $0.1619 dividend. This represents a $1.94 annualized dividend and a dividend yield of 13.62%. The ex-dividend date is Monday, May 22nd. This is a boost from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.15.

Institutional Investors Weigh In On Invesco KBW High Dividend Yield Financial ETF

Hedge funds have recently made changes to their positions in the stock. RFP Financial Group LLC bought a new stake in shares of Invesco KBW High Dividend Yield Financial ETF in the fourth quarter valued at about $39,000. Arete Wealth Advisors LLC acquired a new position in Invesco KBW High Dividend Yield Financial ETF in the third quarter worth about $171,000. Cullen Frost Bankers Inc. raised its position in Invesco KBW High Dividend Yield Financial ETF by 8.9% in the third quarter. Cullen Frost Bankers Inc. now owns 152,145 shares of the company’s stock worth $2,109,000 after purchasing an additional 12,489 shares in the last quarter. Avantax Advisory Services Inc. raised its position in Invesco KBW High Dividend Yield Financial ETF by 23.8% in the third quarter. Avantax Advisory Services Inc. now owns 21,079 shares of the company’s stock worth $292,000 after purchasing an additional 4,055 shares in the last quarter. Finally, IFP Advisors Inc raised its position in Invesco KBW High Dividend Yield Financial ETF by 36.2% in the fourth quarter. IFP Advisors Inc now owns 4,064 shares of the company’s stock worth $95,000 after purchasing an additional 1,081 shares in the last quarter.

Invesco KBW High Dividend Yield Financial ETF Company Profile

(Get Rating)

The Invesco KBW High Dividend Yield Financial ETF (KBWD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a dividend-yield-weighted index of US financial firms. KBWD was launched on Dec 2, 2010 and is managed by Invesco.

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