Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Trading Down 1% – Here’s Why

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)’s share price was down 1% during trading on Monday . The company traded as low as $12.17 and last traded at $12.17. Approximately 267,493 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 384,375 shares. The stock had previously closed at $12.29.

Invesco KBW High Dividend Yield Financial ETF Stock Down 0.3%

The stock has a 50 day simple moving average of $12.80 and a 200 day simple moving average of $13.32. The stock has a market cap of $412.60 million, a price-to-earnings ratio of 10.83 and a beta of 1.02.

Invesco KBW High Dividend Yield Financial ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were issued a $0.1409 dividend. The ex-dividend date was Monday, May 18th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Optiver Holding B.V. bought a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the third quarter valued at approximately $25,000. Harbour Investments Inc. lifted its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 100.0% in the fourth quarter. Harbour Investments Inc. now owns 2,000 shares of the company’s stock valued at $27,000 after purchasing an additional 1,000 shares in the last quarter. WFA of San Diego LLC bought a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the second quarter valued at approximately $33,000. Kestra Advisory Services LLC bought a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the fourth quarter valued at approximately $52,000. Finally, Comerica Bank lifted its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 11.7% in the third quarter. Comerica Bank now owns 8,451 shares of the company’s stock valued at $114,000 after purchasing an additional 887 shares in the last quarter.

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.