Truist Financial Corp Buys 758 Shares of Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)

Truist Financial Corp increased its stake in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,638 shares of the company’s stock after purchasing an additional 758 shares during the period. Truist Financial Corp owned approximately 0.06% of Invesco KBW High Dividend Yield Financial ETF worth $229,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KBWD. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Invesco KBW High Dividend Yield Financial ETF in the second quarter worth approximately $38,355,000. LPL Financial LLC boosted its stake in Invesco KBW High Dividend Yield Financial ETF by 13.4% in the second quarter. LPL Financial LLC now owns 503,293 shares of the company’s stock worth $7,866,000 after buying an additional 59,295 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Invesco KBW High Dividend Yield Financial ETF by 0.7% in the second quarter. Wells Fargo & Company MN now owns 488,865 shares of the company’s stock worth $8,027,000 after buying an additional 3,192 shares in the last quarter. Bank of America Corp DE boosted its stake in Invesco KBW High Dividend Yield Financial ETF by 13.1% in the first quarter. Bank of America Corp DE now owns 450,268 shares of the company’s stock worth $8,794,000 after buying an additional 52,219 shares in the last quarter. Finally, Gradient Investments LLC boosted its stake in Invesco KBW High Dividend Yield Financial ETF by 6.0% in the second quarter. Gradient Investments LLC now owns 273,669 shares of the company’s stock worth $4,277,000 after buying an additional 15,460 shares in the last quarter.

Invesco KBW High Dividend Yield Financial ETF Price Performance

Shares of KBWD opened at $14.22 on Tuesday. The firm has a market cap of $337.87 million, a P/E ratio of 10.40 and a beta of 1.40. Invesco KBW High Dividend Yield Financial ETF has a 1 year low of $13.04 and a 1 year high of $17.78. The stock has a 50 day simple moving average of $14.70 and a two-hundred day simple moving average of $15.12.

Invesco KBW High Dividend Yield Financial ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 27th. Stockholders of record on Tuesday, October 24th were paid a dividend of $0.143 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 12.07%. The ex-dividend date of this dividend was Monday, October 23rd.

Invesco KBW High Dividend Yield Financial ETF Company Profile

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.