Mpwm Advisory Solutions LLC Takes Position in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)

Mpwm Advisory Solutions LLC bought a new stake in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) in the 4th quarter, Holdings Channel reports. The firm bought 5,600 shares of the company’s stock, valued at approximately $82,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in Invesco KBW High Dividend Yield Financial ETF by 12.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 33,649 shares of the company’s stock valued at $494,000 after buying an additional 3,742 shares during the period. RFG Advisory LLC acquired a new position in shares of Invesco KBW High Dividend Yield Financial ETF during the 4th quarter worth approximately $285,000. Gradient Investments LLC raised its stake in Invesco KBW High Dividend Yield Financial ETF by 6.3% in the 4th quarter. Gradient Investments LLC now owns 452,177 shares of the company’s stock valued at $6,633,000 after acquiring an additional 26,636 shares during the period. Choreo LLC lifted its holdings in Invesco KBW High Dividend Yield Financial ETF by 5.9% during the 4th quarter. Choreo LLC now owns 70,832 shares of the company’s stock valued at $1,039,000 after purchasing an additional 3,936 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new stake in Invesco KBW High Dividend Yield Financial ETF during the 4th quarter valued at $262,000.

Invesco KBW High Dividend Yield Financial ETF Stock Performance

Shares of KBWD stock opened at $13.94 on Tuesday. 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 $401.19 million, a price-to-earnings ratio of 10.01 and a beta of 1.40. The company has a 50-day simple moving average of $13.72 and a 200 day simple moving average of $14.61.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 19th will be given a dividend of $0.1478 per share. The ex-dividend date of this dividend is Monday, May 19th. This is an increase from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.15. This represents a $1.77 annualized dividend and a yield of 12.72%.

Invesco KBW High Dividend Yield Financial ETF 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.