Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its position in shares of Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) by 46.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,748 shares of the company’s stock after purchasing an additional 3,412 shares during the period. Farther Finance Advisors LLC’s holdings in Invesco KBW High Dividend Yield Financial ETF were worth $164,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Gradient Investments LLC increased its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 18.4% during the second quarter. Gradient Investments LLC now owns 394,431 shares of the company’s stock valued at $5,932,000 after purchasing an additional 61,271 shares during the period. Commonwealth Equity Services LLC increased its stake in Invesco KBW High Dividend Yield Financial ETF by 11.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 61,361 shares of the company’s stock valued at $923,000 after buying an additional 6,378 shares during the period. Endowment Wealth Management Inc. lifted its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 10.2% in the 2nd quarter. Endowment Wealth Management Inc. now owns 35,742 shares of the company’s stock worth $538,000 after acquiring an additional 3,321 shares during the period. CWM LLC boosted its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 5.3% in the third quarter. CWM LLC now owns 29,781 shares of the company’s stock valued at $455,000 after acquiring an additional 1,507 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in shares of Invesco KBW High Dividend Yield Financial ETF during the first quarter valued at approximately $288,000.

Invesco KBW High Dividend Yield Financial ETF Price Performance

Shares of NASDAQ:KBWD opened at $15.32 on Monday. The stock’s 50 day moving average price is $15.12 and its 200 day moving average price is $15.26. The stock has a market cap of $399.39 million, a price-to-earnings ratio of 8.21 and a beta of 1.40. Invesco KBW High Dividend Yield Financial ETF has a 12 month low of $14.10 and a 12 month high of $16.38.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 21st were issued a $0.147 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $1.76 annualized dividend and a dividend yield of 11.51%.

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.