Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Trading Down 0.1% – Here’s What Happened

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)’s share price dropped 0.1% during trading on Monday . The stock traded as low as $11.89 and last traded at $11.94. Approximately 592,720 shares changed hands during mid-day trading, an increase of 52% from the average session volume of 389,206 shares. The stock had previously closed at $11.95.

Invesco KBW High Dividend Yield Financial ETF Trading Down 0.1%

The stock’s 50 day moving average price is $12.38 and its 200 day moving average price is $12.58. The company has a market cap of $393.18 million, a price-to-earnings ratio of 10.83 and a beta of 1.02.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were paid a dividend of $0.135 per share. This represents a c) annualized dividend and a yield of 13.6%. The ex-dividend date was Monday, August 24th.

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

A number of large investors have recently added to or reduced their stakes in KBWD. Harbour Investments Inc. boosted its holdings in Invesco KBW High Dividend Yield Financial ETF by 100.0% in the fourth quarter. Harbour Investments Inc. now owns 2,000 shares of the company’s stock valued at $27,000 after purchasing an additional 1,000 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Invesco KBW High Dividend Yield Financial ETF during the 1st quarter worth approximately $120,000. NewEdge Advisors LLC raised its position in shares of Invesco KBW High Dividend Yield Financial ETF by 3,108.1% in the 2nd quarter. NewEdge Advisors LLC now owns 17,484 shares of the company’s stock valued at $217,000 after purchasing an additional 16,939 shares in the last quarter. Independent Financial Group LLC acquired a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the 1st quarter valued at approximately $373,000. Finally, Winnow Wealth LLC boosted its stake 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 valued at $407,000 after buying an additional 3,352 shares during the last quarter.

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.