Shares of Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD – Get 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
Invesco KBW High Dividend Yield Financial ETF Company Profile
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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