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

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) traded down 0.9% during trading on Monday . The stock traded as low as $12.43 and last traded at $12.52. Approximately 533,907 shares changed hands during trading, an increase of 37% from the average daily 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 company has a market cap of $423.93 million, a PE ratio of 10.83 and a beta of 1.02. The business’s fifty day moving average is $12.31 and its 200-day moving average is $12.83.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

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

Institutional Investors Weigh In On Invesco KBW High Dividend Yield Financial ETF

A number of hedge funds have recently modified their holdings of KBWD. Harbour Investments Inc. raised its holdings in Invesco KBW High Dividend Yield Financial ETF by 100.0% in the 4th quarter. Harbour Investments Inc. now owns 2,000 shares of the company’s stock worth $27,000 after purchasing an additional 1,000 shares during the period. WFA of San Diego LLC bought a new stake in Invesco KBW High Dividend Yield Financial ETF during the second quarter valued at about $33,000. Kestra Advisory Services LLC bought a new stake in Invesco KBW High Dividend Yield Financial ETF during the fourth quarter valued at about $52,000. Comerica Bank raised 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 during the period. Finally, Fifth Third Bancorp bought a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the first quarter worth about $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.