Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Stock Price Down 0.9% – Here’s Why

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) was down 0.9% during trading on Monday . The company traded as low as $12.43 and last traded at $12.52. Approximately 533,907 shares were traded during trading, an increase of 37% from the average session volume of 388,747 shares. The stock had previously closed at $12.63.

Invesco KBW High Dividend Yield Financial ETF Stock Down 0.9%

The stock has a market capitalization of $423.93 million, a PE ratio of 10.83 and a beta of 1.02. The stock’s 50 day moving average price is $12.31 and its 200-day moving average price is $12.83.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 20th were given a $0.135 dividend. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date was Monday, July 20th.

Institutional Trading of Invesco KBW High Dividend Yield Financial ETF

Institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in Invesco KBW High Dividend Yield Financial ETF by 28.2% in the 3rd quarter. Bank of America Corp DE now owns 696,584 shares of the company’s stock worth $9,425,000 after purchasing an additional 153,248 shares in the last quarter. Raymond James Financial Inc. lifted its position in Invesco KBW High Dividend Yield Financial ETF by 229.3% during the second quarter. Raymond James Financial Inc. now owns 161,894 shares of the company’s stock valued at $2,245,000 after purchasing an additional 112,725 shares during the last quarter. Mission Hills Financial Advisory LLC grew its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 8.5% in the 4th quarter. Mission Hills Financial Advisory LLC now owns 808,721 shares of the company’s stock worth $11,051,000 after buying an additional 63,108 shares in the last quarter. Kovack Advisors Inc. increased its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 282.0% in the 4th quarter. Kovack Advisors Inc. now owns 69,322 shares of the company’s stock worth $947,000 after buying an additional 51,177 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Invesco KBW High Dividend Yield Financial ETF during the 4th quarter valued at about $566,000.

About Invesco KBW High Dividend Yield Financial ETF

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.