Janney Montgomery Scott LLC Sells 16,378 Shares of Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)

Janney Montgomery Scott LLC reduced its stake in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) by 48.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,271 shares of the company’s stock after selling 16,378 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of Invesco KBW High Dividend Yield Financial ETF worth $250,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI bought a new position in Invesco KBW High Dividend Yield Financial ETF in the 4th quarter worth $29,000. Mattson Financial Services LLC raised its holdings in Invesco KBW High Dividend Yield Financial ETF by 44.6% in the 4th quarter. Mattson Financial Services LLC now owns 4,280 shares of the company’s stock worth $65,000 after purchasing an additional 1,321 shares during the period. Mpwm Advisory Solutions LLC bought a new position in Invesco KBW High Dividend Yield Financial ETF in the 4th quarter worth $82,000. Founders Financial Alliance LLC raised its holdings in Invesco KBW High Dividend Yield Financial ETF by 10.1% in the 4th quarter. Founders Financial Alliance LLC now owns 7,490 shares of the company’s stock worth $110,000 after purchasing an additional 687 shares during the period. Finally, Comerica Bank raised its holdings in Invesco KBW High Dividend Yield Financial ETF by 31.6% in the 4th quarter. Comerica Bank now owns 8,835 shares of the company’s stock worth $130,000 after purchasing an additional 2,122 shares during the period.

Invesco KBW High Dividend Yield Financial ETF Stock Performance

Shares of Invesco KBW High Dividend Yield Financial ETF stock opened at $14.26 on Friday. Invesco KBW High Dividend Yield Financial ETF has a one year low of $11.96 and a one year high of $16.38. The stock has a market cap of $410.26 million, a P/E ratio of 10.83 and a beta of 1.40. The stock’s fifty day moving average is $13.70 and its 200 day moving average is $14.25.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

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

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.