Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Shares Down 0.1% – Here’s What Happened

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)’s share price dropped 0.1% on Monday . The company traded as low as $11.89 and last traded at $11.94. 592,720 shares traded hands during trading, an increase of 52% from the average session volume of 389,206 shares. The stock had previously closed at $11.95.

Invesco KBW High Dividend Yield Financial ETF Stock Performance

The business’s 50-day moving average is $12.38 and its two-hundred day moving average is $12.58. The stock has a market capitalization of $393.18 million, a PE ratio of 10.83 and a beta of 1.02.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a $0.135 dividend. This represents a c) annualized dividend and a yield of 13.6%. The ex-dividend date of this dividend was Monday, August 24th.

Hedge Funds Weigh In On Invesco KBW High Dividend Yield Financial ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KBWD. Bank of America Corp DE lifted its holdings in Invesco KBW High Dividend Yield Financial ETF by 2.6% in the 1st quarter. Bank of America Corp DE now owns 726,416 shares of the company’s stock valued at $9,109,000 after purchasing an additional 18,508 shares in the last quarter. Gradient Investments LLC grew its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 2.8% during the second quarter. Gradient Investments LLC now owns 642,248 shares of the company’s stock worth $7,977,000 after buying an additional 17,634 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 10.4% during the first quarter. Cetera Investment Advisers now owns 57,599 shares of the company’s stock worth $722,000 after buying an additional 5,408 shares in the last quarter. Endowment Wealth Management Inc. raised its position in shares of Invesco KBW High Dividend Yield Financial ETF by 4.9% in the fourth quarter. Endowment Wealth Management Inc. now owns 54,829 shares of the company’s stock valued at $749,000 after buying an additional 2,577 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of Invesco KBW High Dividend Yield Financial ETF by 69.0% in the fourth quarter. IFP Advisors Inc now owns 41,326 shares of the company’s stock valued at $565,000 after buying an additional 16,878 shares during the last quarter.

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.