Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Stock Price Up 1.1% – Time to Buy?

Shares of Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) rose 1.1% during mid-day trading on Friday . The stock traded as high as $12.46 and last traded at $12.43. 225,994 shares traded hands during trading, a decline of 40% from the average daily volume of 375,731 shares. The stock had previously closed at $12.30.

Invesco KBW High Dividend Yield Financial ETF Trading Up 1.1%

The company has a market cap of $422.62 million, a PE ratio of 10.83 and a beta of 1.01. The firm has a 50 day moving average of $12.50 and a two-hundred day moving average of $13.09.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.1386 dividend. This represents a c) annualized dividend and a yield of 13.4%. The ex-dividend date of this dividend was Monday, June 22nd.

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

Several institutional investors and hedge funds have recently modified their holdings of KBWD. Harbour Investments Inc. grew its position in Invesco KBW High Dividend Yield Financial ETF by 100.0% during the 4th 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 during the last quarter. WFA of San Diego LLC purchased a new position in Invesco KBW High Dividend Yield Financial ETF in the second quarter worth about $33,000. Kestra Advisory Services LLC bought a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the fourth quarter worth approximately $52,000. Comerica Bank lifted its stake 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 worth $114,000 after buying an additional 887 shares in the last quarter. Finally, Fifth Third Bancorp bought a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the first quarter worth approximately $120,000.

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.