Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Stock Price Up 1.1% – Here’s What Happened

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) shot up 1.1% during trading on Friday . The company traded as high as $12.46 and last traded at $12.43. Approximately 225,994 shares traded hands during trading, a decline of 40% from the average session volume of 375,731 shares. The stock had previously closed at $12.30.

Invesco KBW High Dividend Yield Financial ETF Stock Up 1.1%

The company has a market cap of $422.62 million, a P/E ratio of 10.83 and a beta of 1.01. The company’s 50-day moving average is $12.50 and its two-hundred day moving average is $13.09.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.1386 dividend. This represents a c) dividend on an annualized basis and a yield of 13.4%. The ex-dividend date was Monday, June 22nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mission Hills Financial Advisory LLC raised its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 8.5% in the 4th quarter. Mission Hills Financial Advisory LLC now owns 808,721 shares of the company’s stock worth $11,051,000 after purchasing an additional 63,108 shares during the period. Bank of America Corp DE grew its holdings in Invesco KBW High Dividend Yield Financial ETF by 2.6% during the first quarter. Bank of America Corp DE now owns 726,416 shares of the company’s stock valued at $9,109,000 after purchasing an additional 18,508 shares during the period. Gradient Investments LLC increased its position in Invesco KBW High Dividend Yield Financial ETF by 2.8% in the second quarter. Gradient Investments LLC now owns 642,248 shares of the company’s stock worth $7,977,000 after buying an additional 17,634 shares during the last quarter. Raymond James Financial Inc. increased its position in Invesco KBW High Dividend Yield Financial ETF by 12.6% in the third quarter. Raymond James Financial Inc. now owns 182,262 shares of the company’s stock worth $2,466,000 after buying an additional 20,368 shares during the last quarter. Finally, Kovack Advisors Inc. raised its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 282.0% in the fourth quarter. Kovack Advisors Inc. now owns 69,322 shares of the company’s stock valued at $946,000 after buying an additional 51,177 shares during the period.

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.