Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Increases Dividend to $0.15 Per Share

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) announced a monthly dividend on Monday, May 19th, NASDAQ Dividends reports. Shareholders of record on Monday, May 19th will be given a dividend of 0.1478 per share on Friday, May 23rd. This represents a $1.77 annualized dividend and a yield of 12.72%. The ex-dividend date of this dividend is Monday, May 19th. This is a 0.5% increase from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.15.

Invesco KBW High Dividend Yield Financial ETF Stock Down 1.2%

Shares of KBWD traded down $0.17 during trading hours on Monday, reaching $13.94. The stock had a trading volume of 150,595 shares, compared to its average volume of 195,999. The company has a market cap of $401.19 million, a P/E ratio of 10.01 and a beta of 1.40. Invesco KBW High Dividend Yield Financial ETF has a 52 week low of $11.96 and a 52 week high of $16.38. The firm has a 50-day moving average of $13.74 and a 200 day moving average of $14.62.

Hedge Funds Weigh In On Invesco KBW High Dividend Yield Financial ETF

An institutional investor recently raised its position in Invesco KBW High Dividend Yield Financial ETF stock. Jones Financial Companies Lllp raised its stake in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) by 5,978.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,156 shares of the company’s stock after buying an additional 11,956 shares during the period. Jones Financial Companies Lllp’s holdings in Invesco KBW High Dividend Yield Financial ETF were worth $176,000 at the end of the most recent quarter.

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.