Cambridge Investment Research Advisors Inc. Decreases Stock Position in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)

Cambridge Investment Research Advisors Inc. lessened its holdings in shares of Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) by 11.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,372 shares of the company’s stock after selling 13,244 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.37% of Invesco KBW High Dividend Yield Financial ETF worth $1,537,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KBWD. Wells Fargo & Company MN boosted its position in shares of Invesco KBW High Dividend Yield Financial ETF by 197.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,012,486 shares of the company’s stock worth $14,853,000 after purchasing an additional 672,447 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 54.2% in the 4th quarter. Two Sigma Investments LP now owns 181,500 shares of the company’s stock worth $2,663,000 after purchasing an additional 63,800 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Invesco KBW High Dividend Yield Financial ETF in the 4th quarter worth $701,000. Triumph Capital Management purchased a new stake in Invesco KBW High Dividend Yield Financial ETF in the 4th quarter worth $513,000. Finally, Gradient Investments LLC increased its stake in Invesco KBW High Dividend Yield Financial ETF by 7.0% in the 1st quarter. Gradient Investments LLC now owns 483,636 shares of the company’s stock worth $6,989,000 after buying an additional 31,459 shares in the last quarter.

Invesco KBW High Dividend Yield Financial ETF Stock Up 0.5%

KBWD opened at $14.26 on Friday. The firm has a 50-day simple moving average of $13.68 and a two-hundred day simple moving average of $14.26. Invesco KBW High Dividend Yield Financial ETF has a 52 week low of $11.96 and a 52 week high of $16.38. The company has a market capitalization of $410.26 million, a PE ratio of 10.83 and a beta of 1.40.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were issued a $0.1475 dividend. This represents a $1.77 dividend on an annualized basis and a dividend yield of 12.42%. The ex-dividend date was Monday, June 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.