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 company traded as low as $12.43 and last traded at $12.52. 533,907 shares were traded 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 Performance

The stock’s fifty day moving average is $12.31 and its two-hundred day moving average is $12.82. The firm has a market capitalization of $427.99 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 company also recently disclosed a monthly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were given a $0.135 dividend. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date of this dividend was Monday, July 20th.

Institutional Trading of Invesco KBW High Dividend Yield Financial ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Harbour Investments Inc. increased its holdings in Invesco KBW High Dividend Yield Financial ETF by 100.0% during 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 last quarter. WFA of San Diego LLC acquired a new stake in shares of Invesco KBW High Dividend Yield Financial ETF during the second quarter worth approximately $33,000. Kestra Advisory Services LLC acquired a new stake in shares of Invesco KBW High Dividend Yield Financial ETF during the fourth quarter worth approximately $52,000. Comerica Bank grew its position in shares of Invesco KBW High Dividend Yield Financial ETF by 11.7% during the third quarter. Comerica Bank now owns 8,451 shares of the company’s stock worth $114,000 after buying an additional 887 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of Invesco KBW High Dividend Yield Financial ETF in the first quarter worth $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.