Multiple hedge funds and institutional investors have recently adjusted their investments in the Invesco KBW High Dividend Yield Financial ETF (KBWD). PNC Financial Services significantly increased its stake by 281.6%, now holding 165,744 shares worth $2,629,000 after buying 122,314 additional shares. CreativeOne Wealth LLC also entered a new position valued at around $288,000 this first quarter. Commonwealth Equity Services LLC raised its holdings by 1.7%, now owning 54,983 shares valued at $852,000. Gradient Investments LLC increased its investment by 18.4%, owning 394,431 shares valued at $5,932,000. Additionally, Mattson Financial Services LLC acquired a new stake worth approximately $45,000 in the second quarter.
KBWD Stock Performance
On Friday, shares of NASDAQ:KBWD opened at $14.99. The ETF has a market cap of $385.69 million, a PE ratio of 8.21, and a beta of 1.40. Its 50-day moving average is $15.14, and the 200-day average is $15.27, with a 12-month range of $13.04 (low) to $16.38 (high).
Dividend Announcement
The fund recently announced a monthly dividend of $0.148 per share, payable on September 27th to stockholders on record as of September 23rd. This translates to an annualized dividend of $1.78 and a yield of 11.85%. The ex-dividend date was September 23rd.
About Invesco KBW High Dividend Yield Financial ETF
(Free Report) The Invesco KBW High Dividend Yield Financial ETF (KBWD) primarily invests in equities of U.S. financial companies, tracking a dividend-yield-weighted index. Launched in December 2010, it is managed by Invesco.
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