Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Position Lowered by LPL Financial LLC

LPL Financial LLC decreased its stake in shares of Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD – Get Rating) by 18.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 435,357 shares of the company’s stock after selling 98,140 shares during the period. LPL Financial LLC owned about 1.88% of Invesco KBW High Dividend Yield Financial ETF worth $6,469,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Janney Montgomery Scott LLC lifted its position in shares of Invesco KBW High Dividend Yield Financial ETF by 2.6% during the third quarter. Janney Montgomery Scott LLC now owns 34,816 shares of the company’s stock worth $483,000 after purchasing an additional 893 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Invesco KBW High Dividend Yield Financial ETF by 36.2% during the fourth quarter. IFP Advisors Inc now owns 4,064 shares of the company’s stock worth $95,000 after purchasing an additional 1,081 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in Invesco KBW High Dividend Yield Financial ETF by 2.4% during the fourth quarter. Koshinski Asset Management Inc. now owns 52,376 shares of the company’s stock worth $778,000 after acquiring an additional 1,215 shares during the period. Captrust Financial Advisors acquired a new stake in Invesco KBW High Dividend Yield Financial ETF during the first quarter worth about $37,000. Finally, Equitable Holdings Inc. raised its stake in Invesco KBW High Dividend Yield Financial ETF by 5.3% during the first quarter. Equitable Holdings Inc. now owns 42,426 shares of the company’s stock worth $829,000 after acquiring an additional 2,150 shares during the period.

Invesco KBW High Dividend Yield Financial ETF Stock Down 0.8 %

KBWD opened at $13.94 on Friday. The firm has a market cap of $331.08 million, a price-to-earnings ratio of 10.40 and a beta of 1.40. Invesco KBW High Dividend Yield Financial ETF has a fifty-two week low of $13.53 and a fifty-two week high of $18.55. The company’s 50-day moving average price is $14.53 and its 200 day moving average price is $15.39.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 28th. Investors of record on Tuesday, April 25th were paid a dividend of $0.154 per share. This is a positive change from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.15. The ex-dividend date was Monday, April 24th. This represents a $1.85 annualized dividend and a yield of 13.26%.

Invesco KBW High Dividend Yield Financial ETF Profile

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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.