Cambridge Investment Research Advisors Inc. Sells 4,862 Shares of Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)

Cambridge Investment Research Advisors Inc. lowered its position in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) by 5.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,662 shares of the company’s stock after selling 4,862 shares during the quarter. Cambridge Investment Research Advisors Inc. owned approximately 0.37% of Invesco KBW High Dividend Yield Financial ETF worth $1,394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 281.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 165,744 shares of the company’s stock worth $2,629,000 after acquiring an additional 122,314 shares during the last quarter. Founders Financial Alliance LLC raised its position in shares of Invesco KBW High Dividend Yield Financial ETF by 45.4% in the fourth quarter. Founders Financial Alliance LLC now owns 4,835 shares of the company’s stock valued at $77,000 after purchasing an additional 1,510 shares during the period. CreativeOne Wealth LLC bought a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the first quarter valued at about $288,000. Janney Montgomery Scott LLC lifted its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 10.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 35,218 shares of the company’s stock worth $559,000 after buying an additional 3,338 shares during the last quarter. Finally, Gradient Investments LLC boosted its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 18.4% during the 2nd quarter. Gradient Investments LLC now owns 394,431 shares of the company’s stock worth $5,932,000 after buying an additional 61,271 shares during the period.

Invesco KBW High Dividend Yield Financial ETF Stock Down 0.6 %

Invesco KBW High Dividend Yield Financial ETF stock opened at $15.20 on Thursday. The company’s 50-day moving average price is $15.37 and its two-hundred day moving average price is $15.24. The stock has a market cap of $379.24 million, a P/E ratio of 8.21 and a beta of 1.40. Invesco KBW High Dividend Yield Financial ETF has a twelve month low of $13.04 and a twelve month high of $16.38.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 19th were given a $0.17 dividend. This is an increase from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Monday, August 19th. This represents a $2.04 annualized dividend and a dividend yield of 13.42%.

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.