Large investors have recently adjusted their holdings in the Invesco KBW High Dividend Yield Financial ETF (KBWD). Commonwealth Equity Services increased its stake by 1.7%, now holding 54,983 shares worth $852,000 after buying 895 more shares. Endowment Wealth Management raised its stake by 8.2% to 32,421 shares valued at $502,000 after acquiring 2,469 shares. CreativeOne Wealth purchased a new stake valued at about $288,000. Highlander Capital Management increased its stake by 24.3%, now owning 5,245 shares worth $81,000 following a buy of 1,025 shares. ORG Partners also acquired a new stake valued at roughly $66,000 in the second quarter.
Stock Performance
KBWD shares opened at $15.36 on Monday, with a 50-day moving average of $15.18 and a 200-day average of $15.27. The market cap is $396.90 million, with a P/E ratio of 8.21 and a beta of 1.40. Its twelve-month range is $13.04 to $16.38.
Dividend Update
The company recently declared a monthly dividend of $0.148, paid on September 27th to shareholders who recorded on September 23rd. The annualized dividend is $1.78, yielding 11.56%.
About Invesco KBW High Dividend Yield Financial ETF
The Invesco KBW High Dividend Yield Financial ETF (KBWD) invests in U.S. financial firms with a focus on high dividend yields. It was launched on December 2, 2010, and is managed by Invesco.
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