Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Trading Down 1% – Time to Sell?

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) shares traded down 1% during mid-day trading on Monday . The stock traded as low as $12.17 and last traded at $12.17. 267,493 shares changed hands during trading, a decline of 30% from the average session volume of 384,375 shares. The stock had previously closed at $12.29.

Invesco KBW High Dividend Yield Financial ETF Trading Down 1.0%

The firm has a market cap of $407.57 million, a P/E ratio of 10.83 and a beta of 1.02. The company’s 50 day simple moving average is $12.79 and its 200-day simple moving average is $13.33.

Invesco KBW High Dividend Yield Financial ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were paid a dividend of $0.1409 per share. The ex-dividend date was Monday, May 18th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KBWD. Jones Financial Companies Lllp lifted its holdings in Invesco KBW High Dividend Yield Financial ETF by 5,978.0% in the first quarter. Jones Financial Companies Lllp now owns 12,156 shares of the company’s stock valued at $176,000 after acquiring an additional 11,956 shares during the period. Cetera Investment Advisers lifted its holdings in Invesco KBW High Dividend Yield Financial ETF by 39.9% in the second quarter. Cetera Investment Advisers now owns 47,041 shares of the company’s stock valued at $652,000 after acquiring an additional 13,405 shares during the period. Raymond James Financial Inc. lifted its holdings in Invesco KBW High Dividend Yield Financial ETF by 229.3% in the second quarter. Raymond James Financial Inc. now owns 161,894 shares of the company’s stock valued at $2,245,000 after acquiring an additional 112,725 shares during the period. Jane Street Group LLC bought a new position in Invesco KBW High Dividend Yield Financial ETF in the second quarter valued at about $515,000. Finally, WFA of San Diego LLC bought a new position in Invesco KBW High Dividend Yield Financial ETF in the second quarter valued at about $33,000.

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.