Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) to Issue Monthly Dividend of $0.13

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) announced a monthly dividend on Monday, September 21st. Shareholders of record on Monday, September 21st will be paid a dividend of 0.135 per share on Friday, September 25th. This represents a c) annualized dividend and a yield of 13.9%. The ex-dividend date is Monday, September 21st.

Invesco KBW High Dividend Yield Financial ETF Stock Performance

NASDAQ:KBWD traded down $0.05 during mid-day trading on Monday, reaching $11.68. The stock had a trading volume of 364,709 shares, compared to its average volume of 391,171. The firm has a 50 day moving average price of $12.34 and a two-hundred day moving average price of $12.54. The stock has a market capitalization of $384.74 million, a P/E ratio of 10.83 and a beta of 1.02. Invesco KBW High Dividend Yield Financial ETF has a one year low of $11.61 and a one year high of $14.74.

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

A number of hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in Invesco KBW High Dividend Yield Financial ETF by 3,108.1% in the second quarter. NewEdge Advisors LLC now owns 17,484 shares of the company’s stock worth $217,000 after buying an additional 16,939 shares in the last quarter. Gradient Investments LLC boosted its position in Invesco KBW High Dividend Yield Financial ETF by 2.8% during the 2nd quarter. Gradient Investments LLC now owns 642,248 shares of the company’s stock valued at $7,977,000 after acquiring an additional 17,634 shares in the last quarter. Winnow Wealth LLC grew its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 11.5% during the 1st quarter. Winnow Wealth LLC now owns 32,490 shares of the company’s stock worth $407,000 after acquiring an additional 3,352 shares during the period. Bank of America Corp DE grew its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 2.6% during the 1st quarter. Bank of America Corp DE now owns 726,416 shares of the company’s stock worth $9,109,000 after acquiring an additional 18,508 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Invesco KBW High Dividend Yield Financial ETF by 10.4% in the 1st quarter. Cetera Investment Advisers now owns 57,599 shares of the company’s stock worth $722,000 after acquiring an additional 5,408 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.