Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Plans Monthly Dividend of $0.14

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) announced a monthly dividend on Monday, July 20th, NASDAQ Dividends reports. Investors of record on Monday, July 20th will be given a dividend of 0.135 per share on Friday, July 24th. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date of this dividend is Monday, July 20th.

Invesco KBW High Dividend Yield Financial ETF Price Performance

KBWD traded down $0.34 during trading on Monday, hitting $12.20. The stock had a trading volume of 700,852 shares, compared to its average volume of 377,529. The company has a 50 day moving average price of $12.42 and a 200-day moving average price of $13.04. The firm has a market cap of $414.07 million, a price-to-earnings ratio of 10.83 and a beta of 1.01. Invesco KBW High Dividend Yield Financial ETF has a one year low of $11.96 and a one year high of $14.74.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake in shares of 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 in the last quarter. Cetera Investment Advisers increased its position in Invesco KBW High Dividend Yield Financial ETF by 39.9% during the second quarter. Cetera Investment Advisers now owns 47,041 shares of the company’s stock worth $652,000 after acquiring an additional 13,405 shares during the period. Raymond James Financial Inc. raised its stake in Invesco KBW High Dividend Yield Financial ETF by 229.3% in the 2nd quarter. Raymond James Financial Inc. now owns 161,894 shares of the company’s stock worth $2,245,000 after purchasing an additional 112,725 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Invesco KBW High Dividend Yield Financial ETF in the second quarter valued at approximately $515,000. Finally, WFA of San Diego LLC acquired a new stake in shares of Invesco KBW High Dividend Yield Financial ETF in the second quarter valued at approximately $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.