Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Stock Price Up 1.1% – Here’s What Happened

Shares of Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) shot up 1.1% during mid-day trading on Friday . The stock traded as high as $12.46 and last traded at $12.43. Approximately 225,994 shares changed hands during mid-day 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 Price Performance

The stock has a market capitalization of $422.62 million, a price-to-earnings ratio of 10.83 and a beta of 1.01. The firm has a fifty day moving average of $12.50 and a 200 day moving average of $13.09.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

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

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

Several institutional investors have recently made changes to their positions in KBWD. Bank of America Corp DE lifted its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 28.2% in the 3rd quarter. Bank of America Corp DE now owns 696,584 shares of the company’s stock valued at $9,425,000 after purchasing an additional 153,248 shares during the period. Raymond James Financial Inc. increased 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 buying an additional 112,725 shares in the last quarter. Mission Hills Financial Advisory LLC increased its holdings in Invesco KBW High Dividend Yield Financial ETF by 8.5% in the fourth quarter. Mission Hills Financial Advisory LLC now owns 808,721 shares of the company’s stock valued at $11,051,000 after buying an additional 63,108 shares in the last quarter. Kovack Advisors Inc. grew its position in shares of Invesco KBW High Dividend Yield Financial ETF by 282.0% during the 4th quarter. Kovack Advisors Inc. now owns 69,322 shares of the company’s stock valued at $946,000 after acquiring an additional 51,177 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of Invesco KBW High Dividend Yield Financial ETF during the 4th quarter valued at about $566,000.

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.