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

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

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

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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.